Are L2s Parasitic? | Roundup

Bullish:

• $LAYERONE - L1 tokens are viewed positively for their growth potential and high market cap outcomes, despite potential regulatory risks.

  • “So I still wouldn't I wouldn't fade l ones by any by any means. And then, yeah, I think the sort of application side is obviously it really depends on the regulation stuff.”

    Myles·1:10:01
• $SOL - Solana's strategy of prioritizing adoption over immediate value capture is viewed positively, potentially leading to high value in the future.

  • “Solana had it pretty close to right in that they haven't really spent a lot of time thinking about value capture and the general sort of thesis of, hey, if we just are, you know, the best place to launch apps and we get lots and lots of adoption, like, we're going to be super valuable”

    Myles·39:05

Bearish:

• $LAYERTWO - L2 tokens are viewed skeptically due to challenges in capturing and retaining value long-term within their ecosystems.

  • “I think l twos are probably not where I would be betting because I think l twos, any of them that are trying, like, the best way for an l two to capture value just like an l one is to keep everything within a shared state.”

    Myles·1:10:01