Post
Yuvi.
$ARB
Layer2竞争进入收入阶段，ARB的核心看点变了吗？
排序器收入、生态应用和跨链流动性比单纯交易笔数更重要。若网络使用形成持续费用并改善价值捕获，估值逻辑会增强。
若活跃度被激励制造、竞争分流且治理无法改善回流，我会谨慎。
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