OP and ARB are about to unlock completely, and next we should almost celebrate our great victory by pulling everyone's money to sell coins～
From a narrative perspective, Ethereum L2 is definitely a positive thing in the long run. I would bet with anyone that L2 will prove to be a very successful path. I believe that VCs and institutions no longer need to invest in infrastructure; Web3 itself is based on open-source ideas, and Ethereum and other infrastructures are not competitors.
In the past 5 years, VCs have spent countless amounts of money building chains, bridges, and wallets. Now that the infrastructure is quite complete, what is truly needed is new narratives, new applications, and new user growth stories based on existing infrastructure, rather than investing heavily in more infrastructure. Currently, 60% of the top 20 public chains are meaningless, and some public chains are completely wasting resources～
To be honest, the MeMe chain is also just a circle of funds rolling within the industry, and indeed many projects on the chain have become the preferred washing machines, making money without any fun → money laundering → offloading → changing narratives → continuing to raise funds