2024 ETH/L2s thesis
- BTC spot ETF approval rotation to next spot ETF
- Alt-L1s rotation to post-4844 10-100x less expensive L2s
- ETH spot ETF approval
- ETH staking ETF proposal
- 100-1000x less expensive L2s with modular DA
- 10-100 new L2s by Web3
- 1-10 new L2s by TradFi
- L2aaS adoption
- L2 airdrops season leading to L2 ecosystem airdrops season
- bullish unlocks, aka VCs pump their newly unlocked L2 tokens
- Memecoins/ponzis return to chains having more TVL than alt-L1s
- Bull market ETH burn
- the only profitable blockchain -> a DCF valuation TradFi love and can sell to clients
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