Why We're Bullish L2s

Are L2 tokens worthless governance coins? Will they accrue value? Are L2 tokens bullish? Ryan and David dive into the details in this week’s episode of Bankless Takes.

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TIMESTAMPS & RESOURCES

0:00 Intro
3:03 L2s Numbers
https://www.growthepie.xyz/fundamentals/daily-active-addresses
https://l2beat.com/scaling/summary
https://defillama.com/chains
16:55 Tokens Worthless?
https://x.com/RyanSAdams/status/1745919415604883725
32:30 P/E Ratios
36:05 Token Valuations
38:40 Alt-L1 Bull Case
44:40 Summarizing
47:00 Closing & Disclaimers

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