That day has come...Sharing condolences with those still holding Layer2 token #ETH
Vitalik just posted an article admitting that the initial vision for L2 is no longer suitable when faced with 2 realities:
1️⃣
The progress of L2 reaching Stage 2 (the highest level of decentralization) is much slower than expected. Some L2s even do not want to move past Stage 1 because their customers need to comply with regulations.
2️⃣
L1 Ethereum itself is expanding, with very low fees and the gas limit expected to increase significantly in 2026.
Previously, L2 was expected to help Ethereum scale, but now Ethereum can do it itself; Vitalik advises L2s to find other reasons to exist.
Specifically, it should not just scale L1 anymore; look for new things to build, such as optimizing for specific applications like social networks, identity, AI... Ethereum only provides the safest possible platform, while each L2 chooses its own direction.
This also aligns with the perspective that 5PC shared about the state of Layer 2 since last September and the analysis of Ethereum's roadmap. Now, Vitalik has stated it directly...
