It is impossible to compete with ETH in the "EVM" field.
In the last cycle, NEAR, AVAX, FTM, etc. were all compatible with EVM and obtained cheap funds and traffic. With the outbreak of L2, they were constantly drained of blood.
The rise of ARB actually took away the market share that originally belonged to BSC.
In the future, various other L2s will seize the market share of other public chains.
From the major institutions and exchanges’ focus on investment, we can see that
The next round of public chain competition will inevitably belong to the new public chain L2. The old ones will gradually be eliminated by the market, and the fittest will survive.
Let’s take a look at some of the current top L2 valuations (not necessarily accurate):
StarkNet is valued at $8 billion.
zkSync is valued at $2 billion.
Linea is valued at $7 billion.
Scroll is valued at $1.8 billion.
Taiko is valued at US$600 million.
The way to participate is to play
Plundering is a way to obtain low-priced chips at the lowest cost.
This is a long cycle and requires at least one year of hard work to see returns.
But there are few of them, and if you clearly participate you can expect a return of dozens of times.
Just like arb, participating in the interaction consumes dozens of U of gas, but the reward is 100 times + tokens.
Another potential factor
If the number of users in the previous cycle was 1 million, with continuous development and the entry of new users, the number of users in the next round will grow to 10 million, and the valuation will continue to grow. The 100 billion level will not only be BTC and ETH. #OriginalBinance