Are L2 tokens worthless governance coins? Will they accrue value? Are L2 tokens bullish? Ryan and David dive into the details in this week’s episode of Bankless Takes.  ----- ? USE PODCAST24 FOR 10% OFF https://bankless.cc/Citizen2024  ------ BANKLESS SPONSOR TOOLS: ?KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE ⁠https://k.xyz/bankless-pod-q2     ⁠ ?MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum   ?CELO | CEL2 COMING SOON https://bankless.cc/Celo   ?️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku  ------ TIMESTAMPS & RESOURCES 0:00 Intro 3:03 L2s Numbers https://www.growthepie.xyz/fundamentals/daily-active-addresses  https://l2beat.com/scaling/summary  https://defillama.com/chains  16:55 Tokens Worthless? https://x.com/RyanSAdams/status/1745919415604883725  32:30 P/E Ratios 36:05 Token Valuations 38:40 Alt-L1 Bull Case  44:40 Summarizing  47:00 Closing & Disclaimers ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures ⁠