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What’s a good way to gauge how crypto’s faring without depending too much on price action?

If you ask Kaiko, it’s L2s. 

So far, since the election, the research firm’s L2 index has traded higher, which is — admittedly — perhaps not a huge surprise, given that all of crypto took on an optimistic outlook starting in November. 

The index tracks five L2s across Bitcoin and Ethereum. It also tracks Polygon. 

As you can see above, we have Stacks, Optimism, Arbitrum, Polygon and Starknet in the same bucket. 

Keep in mind that L2s are making a comeback so far after falling…

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