Vitalik just killed the L2 Trade.
The "Long L2" narrative is dead. On Feb 3, Vitalik Buterin admitted the old roadmap is broken. The Reality: Ethereum Mainnet is scaling so fast, we don't need generic L2s anymore.
I checked the On-Chain Data. The rotation isn't coming, it's already here.
1. THE "PARASITE" PROBLEM 🦠 L2s are printing money while ETH holders get nothing.
- The Scam: Base made >$75M last year. They paid Ethereum only ~$1.52M in rent.
- The Margin: That’s a 98% profit margin.
- The Fix: New rules (EIP-7918) will force L2s to pay a "Price Floor." The free ride is over.
2. THE CHARTS (Smart Money Fleeing) 📉
-
$ARB &
$OP: Crashing below every Moving Average. Whales are dumping because these tokens have no "Moat".
-
$ETH: Sitting at $2,112 (Weekly Support) with RSI at 30. This is historic "Capitulation" territory.
3. THE "FUSAKA" SHOCK ⚡ We just doubled the L1 Gas Limit to 60 Million.
- Fast & Cheap: L1 can now handle 20-30 TPS.
- The Result: Users are moving back to Mainnet. ETH Burn Accelerates. Supply Crunch incoming.
🎯 THE VERDICT
- SELL: Generic L2s (
$ARB,
$OP) 📉
- BUY: Spot ETH ($2,112) 💎
Are you rotating back to L1? 👇 Vote Below!
A) Yes, L1 is King 👑
B) No, keeping my L2 bags 👜
