There are promising new cryptocurrencies such as Avalanche that don't need a L2 solution because they can scale on L1 (and are EVM compatible!). Is betting on ETH really the smart move?
And it's highly probable these are economically meaningful transactions, as opposed to a party sending transactions back and forth between two accounts they control, given transaction fees per transaction are over $10 now.
Perhaps if you are an investor and know that your liquidity event comes much earlier than in the traditional startup cycle. You want to be able to run on something you can effectively convert to fiat money in the near term.
