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![Delztheplug Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1077606722699755521.png) Delz [@Delztheplug](/creator/twitter/Delztheplug) on x XXX followers
Created: 2025-07-24 16:11:22 UTC

the 'alt season of old' is dead because the market is more efficient, not because alts are. Capital is concentrating in productive L2s with a combined TVL of over $30B.
 Isn't this a sign of a smarter alt season, where capital now requires a fundamental thesis beyond just high beta?


XX engagements

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**Related Topics**
[beta](/topic/beta)
[$30b](/topic/$30b)
[tvl](/topic/tvl)
[alts](/topic/alts)
[alt](/topic/alt)

[Post Link](https://x.com/Delztheplug/status/1948415723493093735)