
Are L2s Becoming the New Banks? The Centralization Risks of Stacked Rollups
How Mitosis Offers a Truly Decentralized Alternative for Cross-Chain Liquidity
Introduction: The Silent Re-Centralization of Ethereum
While Layer 2 solutions (Arbitrum, Optimism, zkSync) promised to scale Ethereum decentralized, their evolution tells a different story:
* 5 entities now control 78% of L2 sequencer capacity (L2Beat)
* Median time-to-censor dropped to 12 minutes