Many new Ethereum L2s from this cycle have ended up looking like abandoned yield farms. Several raising at billion $ valuations and now with little traction to show: Starknet • TVL: $121m (-65%) • FDV: 2.3b (-92%) • Daily adresses at ~4k down from its peak at ~250k Scroll • TVL: $107m (-89%) • FDV: $640m (-56%) zkSync • TVL: $258m (-5%) • FDV: 2.2b (-60%) • Daily txs at ~700 down from its peak at ~280k There are many other L2s with similar stats. zkSync the only L2 that managed to grow its TVL post TGE with Aave as the biggest application at ~$50m in TVL. Finding pmf as a new general purpose L2 on Ethereum is tough with 100's of different chains all trying to attract a limited pool of liquidity, users and developers.