A well-known L2 project has recently made a major move again. A research report authored by Redouane Elkamhi, a finance professor at the University of Toronto and chief economist, points out that this project has made breakthrough progress in the BTC L2 track, causing a significant impact on the entire ecosystem landscape. The in-depth analysis from an academic perspective has led to a re-examination of some previous market investment logic. The professor team uses systematic data models and comparative analysis to reveal the true differences among current L2 track participants—some projects are highly promoted but have limited actual innovation depth. This research certification from a top university provides strong support for the project's technical strength and offers investors a new dimension for evaluation.