THE L2 ENDGAME ISN'T FEE REVENUE

Summary from the TLDR Crypto newsletter

L2s like Base are making millions of dollars daily on sequencer fee revenue. However, competition for blockspace is not the end goal. Instead, it is to make blockspace as cheap, reliable, and desirable as possible to incentivize applications to build on the platform. Over time, this will lead to network effects and massive liquidity advantages for the winning L2s.