The four kings of Layer 2 tokens
$ARB has performed well, $ZK is decent, and $OP, $STRK also have considerable gains.
1. From the peak to the trough, these individuals have all fallen over 90%. In this cycle, simply chasing airdrops is not enough; one must also learn to sell at the right time. Chasing airdrops + trading + research will become the core three elements.
2.
@arbitrum
After the token issuance, the DeFi ecosystem and liquidity construction were solid, with TVL consistently leading. Behind this is the long-term efficient operation of the governance system. At the Arbitrum Forum https://forum.arbitrum.foundation, one can see a large number of high-quality proposals. I once saw a very high-quality proposal written by a familiar IOSG teacher (a report on the necessity for arb to transform and enhance spot liquidity depth). This is worth learning for many DApps and public chain projects, with frameworks, incentives, and systems encouraging everyone to contribute.
3. Arbitrum previously had a proposal for a three-month 'Yap to Earn' event. The reward pool is 514,000 ARB, and those eligible can claim here: https://yaps.kaito.ai/airdrops
4. After Optimism issued its tokens, it built a superchain consisting of multiple chains based on the OP Stack, with notable ones including Base, World Chain, Unichain, and Blast. These chains share the ecosystem and contribute back to the Optimism ecosystem according to a unified revenue-sharing mechanism, achieving a positive economic cycle, but the entire ecosystem seems to lack any particularly bright spots.
5. After StarkNet issued its tokens, it launched a DeFi plan, but the response was mediocre. Many projects in the ecosystem either got hacked or stopped working. The poor user experience and the ecosystem's shortcomings should be the main reasons. For example, that Argent wallet has now been renamed to Ready wallet, and the experience is terrible. Initially, Polkadot was similar, very difficult to use and manage.
6. The only memorable thing about ZKsync this year seems to be the management account damage that caused 111 million unclaimed ZK to be minted (about 5 million dollars). Subsequently, the attacker returned 90% of it.
Almost all projects enter a consolidation period after issuing tokens.
To digest liquidity, align market expectations, and reconstruct strategic direction.
The true test for popular projects is not how hot they are on the day of token issuance, but whether they can withstand the downturn after the hype fades. During the consolidation period, they need to strengthen their narratives and assets more than on the day of token issuance.
The core still revolves around.
→→ Users
→→ Developers
→→ Wealth effect
