The first official death certificate of L1 excess.

This will definitely turn into a template for migration of related chains, the next batch of candidates will be small Cosmos chains and L1s funded between 2021 and 2023 in the same situation.

I have thought of two actions:

1) There may emerge specialized arbitrage strategies, such as building positions in endangered L1s before announcing the migration.

2) Buy some Solana: So11111111111111111111111111111111111111112, Solana is very likely to become the graveyard and home for L1s!

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