L2 is experiencing a severe revenue shortfall.
30D Revenue of some projects:
Ronin - 6.6K
Sei - 8.6K
Scroll - 9.3K
Sonic - 10.1K
Mantle - 11K
ZKsync - 34.1K
OP mainnet - 46.2K
Monad - 47.8K
-> The actual value is much lower than the initial valuation.
A project needs approximately 10K - 30K per employee, and solidity is worth approximately 5K.
Typically, when a project experiences a revenue shortfall, it will raise capital from tokens.
