BlockBeats reported on Oct. 7 that crypto analyst Ted said he has turned more optimistic on Ethereum as a large number of what he described as "junk L2s" continue to leave the market. He pointed to shutdown announcements from projects including Abstract and Blast as part of that trend. In Ted’s view, the takeaway is straightforward: teams should build directly on the Ethereum mainnet instead of repeatedly launching extra chains designed to extract value from their own communities. He summed up the argument in a blunt line, saying projects should "stop creating unnecessary chains." The comments frame the recent pullback in parts of the Layer 2 sector as a development that could restore Ethereum’s value capture logic rather than weaken it.
According to BlockBeats, crypto analyst Ted said on Oct. 7 that he has become more optimistic on Ethereum as a large number of what he called "junk L2s" gradually exit the market, with projects such as Abstract and Blast announcing shutdowns.
Ted said the lesson from the trend is simple: projects should build directly on the Ethereum mainnet instead of continuing to create extra chains aimed at extracting value from their own communities.
He put it plainly: "Stop creating unnecessary chains."
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