Vitalik personally refutes L2, is there still hope for altcoins?


【Plain Language Summary】On February 3, 2026, Vitalik Buterin published a lengthy article declaring that the roadmap which viewed L2 as Ethereum's main scaling solution five years ago has become invalid.
L1 has significantly increased capacity through Fusaka upgrades, while L2 has downgraded from a "scaling crutch" to a "specialized plugin," making it difficult to support high valuations with just low Gas fees. Mainstream L2 tokens have plummeted over 90% from their all-time highs. Institutional funds are pouring into BTC and ETH via ETFs, draining liquidity from altcoins. Many projects face unlocking sell pressure and zero developer activity.
The market has entered the "Productivity Era": only tracks with real demand and cash flow, such as AI agents, RWA, and high-performance public chains, can survive the wave of institutionalization.
For more details, please see:
ETH-3,66%
BTC-3,53%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)