Morning Edition · Thursday, November 12, 2026Published at 12:46 AM EST · New York
L2Beat data shows the ten largest layer-2 networks fell between 1.1% and 10.8% over seven days, and only four of them have reached Stage 1 decentralization.

An opinion post on Ethereum Research, titled "Elastic Ethereum", argues that the network should rethink scaling, data availability and finality according to principles of elasticity. Under that approach, capacity would expand and contract w…
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Part of a tracked trend
On-Chain Capital Concentrates
As total on-chain capital contracts, value keeps concentrating on the largest chains and the applications with live demand, squeezing long-tail protocols and forcing consolidation.
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