For tokens in the Ethereum L2 space like OP, ARB, ZK, STRK, it is advisable to stop-loss and sell during the rebound.
Ethereum has completed the Fusaka upgrade, and the gas fees for transfers are now about $0.01. Previously, everyone thought ETH's gas fees were too high, and the speed was too slow, so a bunch of L2 solutions were created, such as OP, ARB, ZK, STRK, METIS, etc. Now that ETH has completed the Fusaka upgrade, gas fees have decreased, but there are not many users anymore, and the on-chain activity is significantly lower than before. It's like having a highway that's been improved but with a much lower toll, yet there are no cars running on it anymore.
Additionally, recently $ENS directly abandoned its own L2 and deployed ENS v2 back to the Ethereum mainnet for a simple reason—the mainnet has become cheap enough that L2 is unnecessary. After the Fusaka upgrade, gas fees plummeted by 99%, making the operational costs comparable to or even lower than many L2 solutions. In the future, the gas limit will be increased to three times its current level, and the mainnet will only become faster and cheaper.
As the mainnet expands itself, the original narrative of 'cost reduction and expansion' in Layer 2 has become obsolete. The founder of $ETH , Vitalik Buterin, has also mentioned that tokens in the L2 space should find their own way out.
Currently, there are very few L2s with real users; most have low daily active users and remain in the multi-signature control phase, meaning asset security still fundamentally relies on the project team. There is also a lot of fluff in TVL, with many being propped up by incentives.
Therefore, let the tokens that should go to zero go to zero, as it also helps to squeeze out the market bubble. {spot}(ETHUSDT) {spot}(ENSUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.