We will Eat The Bear's Buttocks

The article argues that L2 rollups are not part of Ethereum and are not parasitic to it, since they choose their own settlement layer, while acknowledging that Ethereum's revenue and value accrual face pressure. It cites a 99% fall in Ethereum revenue after EIP-4844, with L2 fees dropping 80-90%, and says many L2s are moving to alternative data availability. The piece also warns of fragmentation across L2s, notes that only DeGate (TVL $25M) and Fuel V1 (TVL $600) are at Stage 2, and describes a possible future of aggregated chains and simplified user experience.