Building an ecosystems is brutal, and it's rarely about the infra alone. Sure, having the best tech helps, but it doesn't matter if no one's building on your protocol. It's all about culture, community growth, and hitting ecosystem PMF. We saw this torch many L1s last cycle: no real traction = fade into ghost chains, forgotten relics. Protocols trying to bootstrap their own products is way too slow in this hype-driven space. Investors demand quick wins and when timelines drag, they bail, liquidity dries up, and you're cooked. The app chain thesis flopped. The dream of hyper-specialized chains for every use case didn't pan out and generalists with strong ecosystems won out. I also expect the few remaining projects still building on these protocols to jump ship fast once they see teams shifting focus to internal products. That's a death knell signal: it screams "ecosystem failure" and erodes confidence overnight. Worst vibe check you can send in crypto. Lastly, where will they go? Funny enough, GCUL might have the best chance.