The multi-chain thesis addressed the fundamental execution limits of monolithic blockchains, but it did so by fragmenting market structure. The rise of hundreds of modular Layer 2 rollups, appchains, and sovereign Layer 1 networks has fractured Web3 into isolated liquidity silos. Capital that was once consolidated inside unified mainnet automated market makers (AMMs) and lending … Continue reading Liquidity Layer Aggregation: Optimizing Capital Efficiency in Fragmented Markets