Let's talk about the only star L1 in recent years.
$SUI is the only L1 that has emerged in recent years, the only two giants in the MOVE ecosystem. I used to treat it as a Bitcoin with tenfold leverage, but since Cetus was hacked last year, there have been major issues with its price and ecosystem. The coin price has been steadily declining, and every slight dip in the market
$SUI results in a 10% drop, with 10.11 even plunging from 3 to 0.5. The ecosystem is also completely ruined; the foundation has repeatedly supported scam projects to raise funds, and several smaller ecosystem projects h