Users are frustrated with the fragmented cross-chain experience, which is clunky, expensive, and risky. They suggest developing better infrastructure to connect isolated ecosystems and allow for smoother capital movement between chains.
Hold positions in both solana and ethereum ecosystem projects and the one thing that keeps frustrating me as an investor is how fragmented the cross chain experience still is. We're in 2025 and moving capital between ecosystems is still clunky, expensive, and sometimes risky. Bridging assets between solana and ethereum l2s still feels like the early days of international bank transfers. You're dealing with slippage, bridge risk, wait times, and the constant anxiety that some exploit is going to drain liquidity from whatever bridge you used. The wormhole situation showed how real that risk is. From an investment perspective this fragmentation is destroying value across the entire crypto ecosystem. Liquidity is split across dozens of chains and l2s, which means every individual pool is thinner than it should be. cz talked about this when he mentioned that the industry needs better infrastructure to connect all these isolated ecosystems. The projects that interest me most right now are the ones building what some people call a "metalayer" approach, basically infrastructure that lets chains share liquidity without traditional bridging. Some of the newer experimental setups are testing this concept where multiple rollups can share state and liquidity natively instead of relying on third party bridges. That's a fundamentally different architecture than what we have today. Dragonfly capital published some research on this thesis and their conclusion was that cross chain infrastructure is probably the most undervalued segment of the market relative to its importance. I tend to agree. The project that solves interoperability in a trustless way is going to capture enormous value because every chain and every protocol benefits. Anyone else investing with a multi chain thesis? Curious how others are thinking about the interoperability risk in their portfolios.