Scroll losing over $200M in two days after EtherFi moved out shows how dependent some L2s still are on a few large protocols.

When one anchor leaves, TVL can collapse almost instantly.

Five L2s showing up among the biggest decliners points to capital moving around rather than leaving the ecosystem. Liquidity is chasing incentives, yields, and distribution, not staying loyal to a specific chain.

Feels like the market is stress-testing L2 stickiness. If retention depends on a handful of apps, TVL will keep jumping between networks instead of compounding in one place.
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