VanEck Research Director: Base hype in L2 has receded, and MATIC has become the biggest loser

Matthew Sigel, head of digital asset research at VanEck, wrote on the X platform: "Base did steal the show in the first half of this year, but it looks like the hype has subsided, and the (Layer2) fee market share battle continues, with OP and ARB still evenly matched. The only thing that can be determined from this chart is that MATIC is the biggest loser." The chart it provided shows that Polygon PoS fee market share has dropped from 90% in 21 years to less than 20%.