Thank you for sharing your observations @mossified! I share them 100%.

It's pure logic if you think about it. There is too much redundancy in the space on L1 and L2 levels. And not just since yesterday but since 2018/ 2019 when many of the L1s were created. And since they all offer more or less the same functionality and target the same applications, no L1 altcoin can shine. As a matter of fact, we aren't just playing a zero-sum game, but the cake for L1s and subsequently for L2s even is becoming smaller because a limited amount of available capital is increasingly distributed into the hands of capable investors. And those don't

blindly pump a coin.

DeFi, Stablecoins, and RWAs require regulation before they can take off. This will hopefully change with the current administration. Then it will become interesting to see which L1 chains will make the jump to mass adoption. Sadly, I think the race won't be decided by innovation but rather by connections into the existing financial elite (bankers, VCs, politicians).

I just love how DeSo stands out from the crowd by targeting an industry that doesn't require regulation to take off. Also, it's immediately useful and easy to comprehend. I demoed it to so many people. I can with confidence that DeSo is overdue as an invention. I am pretty sure DeSo will take over the crypto world in no time and then quickly expand beyond that.