Single Origin: ARB Needs to Take Some Cues From ETH
But that's the thing with all L2s - activity spikes because people are farming in anticipation of airdrop (that's why "users" metric is misleading, one person/farmer on average has about 10 wallets) and then it dies down and better product wins. Let's be honest, most protocols don't need token but it's the only way for VCs to cash out.
Airdrops / gov tokens are just a meme meant to be dumped on the first candle. You know it, I know, everybody should know it. Don't marry your bags. Do you remember hype around HNY in Q4 2020? Look where it is now. That's how it ends.
Also, fragmented liquidity is just bad for the whole ecosystem.