The Chop is the Signal: Why Layer-2 Proliferation Mimics a Liquidity War of Attrition
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Extreme Fear
Market Sentiment
Improves data availability sampling efficiency
Independent validator client goes live on mainnet
Block reward halving event
Circulating supply increases by about 2%
92 million ARB released
Team and early investor shares released
Raises validator limit and account abstraction
Block reward reduced to 3.125 BTC
Bitcoin Season
| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$65,542.4 |
| 1 |
Ethereum
ETH
|
$1,923.86 |
| 1 |
Solana
SOL
|
$78.06 |
| 1 |
BNB Chain
BNB
|
$574.5 |
| 1 |
XRP Ledger
XRP
|
$1.12 |
| 1 |
Dogecoin
DOGE
|
$0.0726 |
| 1 |
Cardano
ADA
|
$0.1715 |
| 1 |
Avalanche
AVAX
|
$6.61 |
| 1 |
Polkadot
DOT
|
$0.8332 |
| 1 |
Chainlink
LINK
|
$8.63 |