L2 ASSET INTEROPERABILITY VIA TWO-WAY CANONICAL BRIDGES

Summary from the TLDR Crypto newsletter

L2-native assets, worth a combined $12 billion, cannot be bridged to other L2s. Two-way canonical bridges allow these tokens to be bridged to any L2 by first reverse-canonically bridging to the L1. Though shared sequencers and AggLayer solve this problem, they do not do so across all L2 ecosystems, making bridging the ideal solution.