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Honestly, lately I've been seeing everyone chasing new L1/L2 incentives to boost TVL, and old users are complaining about "mining, selling, and dumping."
I'm actually more concerned about: when you cross a chain, who do you really trust?
IBC's message passing sounds very "native," but when it comes down to a single transfer or call, any weak link—be it the finality of the chain itself, the light client/validator set, the relayer (the person forwarding), or how the destination chain verifies this message—can cause issues.
Cross-chain bridges are even more straightforward: multi-signature, oracles, custodial contracts, risk control shutdown switches...
With more components, the trust surface expands.
I'm not sure if there's a perfect solution, but right now I focus on verification methods and upgrade permissions when evaluating cross-chain solutions—don't just look at subsidies.