Here’s why L2s are great for ETH:

- The end state for crypto apps is app chains that give builders self-sovereignty. Ethereum recognized this early and now has an S&P 500 company that makes millions in USD of ETH per month and holds hundreds of millions of USD in ETH. This is day 1.

- ETH is a credibly neutral, internet native store of value. L2s distribute ETH.

- L2s grow the developer network effect of EVM.

- L2 activity burns ETH.

Most still believe the false narrative that L2 success is bad for ETH. When the market recognizes the truth, watch out.