The interest rate cut cycle has opened the floodgates of liquidity, and the recent popularity of the L2 track is noticeably different. Why are so many people optimistic about this direction? The core reason is actually quite clear.

First, the demand truly exists. The Ethereum mainnet is congested, which is no news. As an scalability solution, L2 has been steadily growing in user base and transaction volume. Second, the technology is also solid—top projects like Arbitrum and Optimism have already built almost complete ecosystems, leading the industry in deployment speed. The third reason is more straightforward: during the previous bear market, L2 project valuations were hammered to historic lows, and now funds are starting to flow in, with room for recovery.

However, a reminder here is that not all L2s are worth touching. The track will become increasingly segmented, and the gap between leading projects and niche ones will only widen. Blindly following niche L2s is a trap; choosing leading projects is the safer approach.