In the next ten years, the public chain will either be a strong narrative, a dead end, or a return to Ethereum -
Personally, I feel that the peak of L1 innovation has passed, and who can survive in the future will either rely on strong narratives (such as Solana's high performance + community) or integrate into the Ethereum ecosystem and find segmented positioning.
Ronin's choice essentially acknowledges the pressure on the survival of independent L1s, but it also shows that Ethereum's "network effect" is entering a stronger integration cycle.
The Ronin chain (formerly the Axie game chain) is an L1 public chain and is currently ranked fourth in usage among public chains for 2024. It is now planning to return to the Ethereum ecosystem, transitioning from an L1 to an Ethereum L2. Due to advancements in ZK technology and BLOB capacity expansion, Ethereum L2 has shown significant improvements in transaction speed and transaction costs. One of Ronin's new goals is to become a gaming chain within the Ethereum ecosystem.
It is expected that more and more L1 public chains will transform into Ethereum L2 chains in the future. If the dydx chain also returns to the Ethereum ecosystem, it should not come as a surprise, and the same goes for institutional/company chains.
Currently, we are in a wave of L1 establishments, while the future will see a wave of returns to Ethereum L2.
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