According to @alice_und_bob, the Ethereum L2 thesis is not dead and the market will see hundreds of private and public L1s and L2s, shaping how users and liquidity are distributed across chains. According to @alice_und_bob, there will not be a single winning architecture for scaling, making interoperability the decisive factor for value capture and execution quality across ETH-linked ecosystems. According to @alice_und_bob, this outlook makes cross-chain interoperability and liquidity routing the core trading focus for positioning across ETH L2s and alternative L1s.

According to @alice_und_bob, the post highlights Mippo’s perspective arguing that building a new Layer 1 blockchain is not a good idea, directing readers to the analysis for details. Source: https://twitter.com/alice_und_bob/status/1955418595787411704 The author shared the direct link to the referenced analysis at https://t.co/3OzZIpH8kq. Source: https://twitter.com/alice_und_bob/status/1955418595787411704 The post was published on August 12, 2025, and does not mention any specific tokens or networks by name. Source: https://twitter.com/alice_und_bob/status/1955418595787411704