Stop blindly praising L2 Summer. At this moment, the reality facing Ethereum is extremely harsh: if fragmentation is not resolved, L2 will become a vampire of ETH instead of a moat.
Look at the current market: dozens of L2s are like warlords, with liquidity being fragmented. Users have to endure cumbersome cross-chain bridges and high wear costs just to transfer between ARB, OP, and Base. This experience is simply disastrous. As long as users can still feel that they are using 'some L2', Ethereum's scalability is a failure.
The core narrative has changed; 2026 is not the year of 'chain creation', but the decisive battle of 'chain abstraction' and 'interoperability'.
Superchain and AggLayer are attempting to reconnect these islands into a continent.
Based Rollups (such as Taiko) are returning to Ethereum fundamentalism, returning the ordering power to L1, attempting to solve the problem of value capture.
The most heart-wrenching is the price of $ETH . After the Blob upgrade, L2 transaction fees decreased, but the burning of $ETH has disappeared. L2 is making a fortune, while the mainnet has become merely a 'data bulletin board'. If L2 cannot feed value back to the mainnet through shared sorters or interoperability protocols, this 'parasitic relationship' will only cause ETH to continue to weaken.
My judgment: Only those infrastructures that can make L2 disappear in the background and achieve 'seamless interaction' will be the next Alpha. Don’t focus on those hundreds of 'zombie chains' that only VCs are enjoying.
Last question: Is the $ETH in your hand intended to be exchanged for L2 governance tokens, or do you firmly believe that the mainnet can return to its peak through 'unified front'? See you in the comments.
