OP down ~97% from ATH. At the top, L2s were priced as a % of ETH market cap – narrative > fundamentals. Now that premium is gone: – Value accrual on L2 tokens is still weak – Users ≠ token holders – Base leaving OP stack didn’t help the story Market is repricing L2s from ETH

OP-3.37%
ETH-0.51%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin