Layer 2 ecosystems are now like a crowded marketplace. OP Stack's one-click chain deployment, various zero-knowledge proof projects... funds are flowing into these hot tracks. But if you're an investor who believes that technology should serve practical applications, taking a closer look after stripping away airdrop expectations and all kinds of noise, you'll find that some projects are actually severely undervalued.

**Where the true difference in technical routes lies**

Most L2s on the market are doing the same thing—bringing Ethereum's experience over. Uniform and repetitive. But one project has taken a particularly difficult path: building a hybrid architecture of UTXO and EVM. It sounds very technical, but the logic behind it is actually straightforward— to achieve true Web3 large-scale payments, traditional account models hit a ceiling in handling concurrency. UTXO structures like Bitcoin are inherently capable of handling high-frequency transactions and low latency, not for show, but to prepare for future transaction throughput at Visa levels.

**Opportunities brought by price corrections**

The price of $0.13, compared to the previous high of $1.69, is indeed tough for those who are trapped. But from the perspective of new capital entering the market, this actually constitutes a quite good safety margin. Sometimes, market sentiment cycles are disconnected from fundamentals, and this often presents a window for rational deployment.