In the bustling world of cryptocurrency, where innovation moves at lightning speed, new Layer 1 (L1) blockchains seem to emerge every few weeks. These foundational networks promise faster speeds, lower costs, and novel features to outshine established giants like Ethereum or Solana. But do everyday users, developers, or even meme token creators truly need them? A recent X post from user @bunjil delivers a blunt reality check that's sparking conversations across Crypto Twitter.

The post reads: "there is only one singular group of people on earth who need a new L1 and they are the seed investors of the new L1 no one is talking about this." You can check out the full thread here.

For newcomers, let's break it down simply. A Layer 1 blockchain is the base layer of a crypto network—think of it as the highway where all the traffic (transactions, smart contracts, and tokens) runs. Popular meme tokens like Dogecoin on its own chain or Pump.fun creations on Solana thrive on these L1s because they provide the infrastructure for viral, community-driven assets.

Bunjil's take cuts to the core of a growing critique in the crypto space: market saturation. With dozens of L1s already competing, launching another often feels less about solving real problems and more about creating opportunities for early backers. Seed investors—those who fund projects at the earliest stages—stand to gain the most from token airdrops, private sales, and the initial hype that drives prices up. Retail investors chasing the next big thing might jump in, fueled by FOMO (fear of missing out), but the real value extraction happens at the top.

Community Reactions and Ironic Promotions

The thread didn't go unnoticed, drawing a couple of replies that add layers to the discussion. One from @archivas states: "the new L1 is archivas, soon fomo." This is particularly ironic, as Archivas is indeed a brand-new L1 blockchain that launched in November 2025. It uses Proof-of-Space-and-Time (PoST) consensus—a mechanism similar to Chia's, which leverages unused hard drive space instead of energy-intensive mining. Archivas focuses on decentralized agriculture, allowing "farming" in a literal sense through storage-based validation. For more details, visit their docs.

This reply essentially promotes a new L1 while responding to a post criticizing them—highlighting how the cycle of hype continues. In the meme token world, such launches could mean new playgrounds for speculative coins, but as Bunjil implies, the primary beneficiaries are likely the project's early investors.

Another reply from @levithefirst simply says "technologia." This could be a nod to the technological overkill in crypto or perhaps a reference to blockchain technology in general (as "technologia" means "technology" in languages like Polish). It underscores the endless pursuit of "better" tech that often overshadows practical needs.

Implications for Meme Tokens and Blockchain Practitioners

For those in the meme token scene, new L1s like Archivas represent both opportunity and caution. On one hand, they can offer fresh ecosystems with low entry barriers, enabling quick launches of fun, viral tokens that capture community imagination. Solana's meme boom in 2024 showed how a performant L1 can supercharge speculation and creativity.

On the other hand, fragmentation across too many chains dilutes liquidity and attention. Meme tokens thrive on network effects—being where the crowd is. If every new L1 pulls users in different directions, it could lead to ghost chains with abandoned projects, leaving retail holders bag-holding while seed investors cash out early.

This thread taps into a broader sentiment: crypto needs more focus on building useful applications on existing infrastructure rather than reinventing the wheel. For blockchain practitioners, it's a reminder to evaluate projects critically—look beyond the hype to see who really benefits.

As the crypto landscape evolves, voices like Bunjil's keep the community grounded. Whether you're a meme token trader, DeFi enthusiast, or just curious about blockchain tech, questioning the necessity of new L1s could save you from the next FOMO trap. What's your take—do we need more L1s, or is it time to consolidate?