With Strip, Circle, and Tether successively launching their own exclusive chains, I would like to discuss two points: 1) The impact on Ethereum layer 2: The layer 2 solutions are all striving to inherit the security of the mainnet more safely, but they overlook a fact: the core demand from major clients like Strip, Circle, and Tether that can truly bring mass adoption opportunities to L2s is not decentralized security, but full-stack control from minting to settlement. Moreover, the commercial interests of Sequencer revenue, MEV, and Gas fees—money that can be pocketed—have no reason to be shared with L2. More importantly, when regulatory inquiries or urgent 'compliance' issues arise, creating exclusive chains can clearly meet the risk control requirements of TradFi more quickly and efficiently. Therefore, this is definitely a blow to Ethereum's layer 2 strategy. L2 originally hoped to leverage #美7月PPI年率高于预期# .

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