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How come we saw so many chain migrations happening throughout 2024? Seems like half the projects were either moving to new networks, bridging to alternative L1s, or shifting their infrastructure. Was it just market noise, or were there real catalysts behind the wave? Bitcoin layer-2s ramped up, Ethereum rollups kept competing for liquidity, and Solana picked up some interesting migration activity too. Makes you wonder if this was driven by gas economics, ecosystem incentives, or projects just chasing the latest hype cycle. What's your take—was the 2024 migration trend actually meaningful for the space?
The false prosperity built on ecological incentives will fade once subsidies are gone, and then we'll see who can really stick around.
It looks lively, but most people are just chasing the hot trends. Truly valuable migration projects are few and far between.
Projects truly driven by gas economics are rare; most are just riding the traffic dividends of new ecosystems.
Solana is indeed interesting, but the competition among Ethereum rollups is essentially a brutal battle among themselves.
Few of those who stayed this time are genuine; most are probably just following the herd effect of "I'll move, you move."
BTC Layer 2 definitely has some potential, but Solana is basically just harvesting one wave after another...