Every L2 tokenholder will get rugged and all value will accrue back to ETH. There is no value accrual story for tokens like ZK, OP, etc., anywhere sufficient to give them meaningful value. Those labs teams are going to need almost all of the revenue just to survive, especially since they are all com
@lex_node·Jul 14, 2026·2 sources·negative
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The article argues that L2 tokens like ZK and OP will lose value as all value flows back to ETH.
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Every L2 tokenholder will get rugged and all value will accrue back to ETH. There is no value accrual story for tokens like ZK, OP, etc., anywhere sufficient to give them meaningful value. Those labs teams are going to need almost all of the revenue just to survive, especially since they are all com
@lex_node
Jul 14, 2026
As L2 tech teams compete for enterprise/institutional business, every L2 tokenholder will get rugged and all value will accrue back to ETH. There is no value accrual story for tokens like ZK, OP, etc., anywhere sufficient to give them meaningful value. Those labs teams are going to need almost all o
@lex_node
Jul 14, 2026