Did second layers steal Cardano's chance to succeed?

I remember a time when Ethereum fees were exorbitant. People were not willing to pay high fees. It has been said that people will migrate to Cardano and other platforms because it will be cheaper and transactions will be faster. That partially happened. However, some users migrated to many second layers (L2s) and remained in the Ethereum ecosystem. Does DeFi on Cardano stand a chance against the ever-growing number of L2s?

This article was prepared by Cardanians with support from Cexplorer.

Read the article: https://cexplorer.io/article/did-second-layers-steal-cardano-s-chance-to-succeed