Luke Martin: Ethereum Layer-2 coins remain down despite powering major internet apps

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Ethereum L2 coins see steep losses

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Jose Antonio Gastelum

06.07.2026

Luke Martin: Ethereum Layer-2 coins remain down despite powering major internet apps — Ethereum L2 coins see steep losses

Luke Martin highlights that Ethereum Layer-2 networks are at the center of one of crypto's biggest ongoing challenges.

He points out that while three of the most popular internet applications are built on top of Ethereum Layer-2 solutions, the tokens associated with these networks have experienced declines of around 95 percent or more.

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Martin has previously tracked major crypto developments, noting Solana's $300 million surge in one week and the activity of traders during rapid price changes. He has also reported on Tether's $1.4 billion funding round for humanoid robotics using AI-powered wallets. These reports highlight ongoing interest and investment across different corners of the digital asset space.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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