ETHEREUM IS DYING WHILE L2'S DANCE ON ITS GRAVE

Summary from the TLDR Crypto newsletter

Ethereum's reliance on Layer 2 (L2) solutions is leading to its downfall by fragmenting the ecosystem, pushing users towards centralized L2s, and undermining the original promise of decentralization. L2s are siphoning off Ethereum's fees and users, making it impossible for Ethereum to scale effectively at Layer 1, which could ultimately lead to Ethereum's demise while benefiting L2s and their backers.