How come we saw so many chain migrations happening throughout 2024? Seems like half the projects were either moving to new networks, bridging to alternative L1s, or shifting their infrastructure. Was it just market noise, or were there real catalysts behind the wave? Bitcoin layer-2s ramped up, Ethereum rollups kept competing for liquidity, and Solana picked up some interesting migration activity too. Makes you wonder if this was driven by gas economics, ecosystem incentives, or projects just chasing the latest hype cycle. What's your take—was the 2024 migration trend actually meaningful for the space?
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BakedCatFanboy
· 14h ago
ngl, this wave of chain migration seems to be just a new way of ecosystem harvesting, with incentive policies pouring in one after another, causing projects to follow suit and move with the trend. It's not really technological progress.
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wrekt_but_learning
· 14h ago
To be honest, last year's migration wave was mainly driven by chasing trends, and there were very few projects truly motivated by gas fees or incentives.
Few of those who stayed this time are genuine; most are probably just following the herd effect of "I'll move, you move."
BTC Layer 2 definitely has some potential, but Solana is basically just harvesting one wave after another...
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CryingOldWallet
· 14h ago
Honestly, it's just the gas fees. Who wants to spend money?
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SerumSquirter
· 14h ago
To be honest, half of it is just to ride the hype... How many actually moved because of gas fees? Most just follow whoever offers more incentives, without much long-term thinking.
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BearMarketBarber
· 14h ago
To be honest, most of it is just follow-the-leader hype. There are very few projects that actually migrated due to gas fees, while ecosystem incentives have aggressively attracted a lot of traffic.
How come we saw so many chain migrations happening throughout 2024? Seems like half the projects were either moving to new networks, bridging to alternative L1s, or shifting their infrastructure. Was it just market noise, or were there real catalysts behind the wave? Bitcoin layer-2s ramped up, Ethereum rollups kept competing for liquidity, and Solana picked up some interesting migration activity too. Makes you wonder if this was driven by gas economics, ecosystem incentives, or projects just chasing the latest hype cycle. What's your take—was the 2024 migration trend actually meaningful for the space?