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What will the 2026 L1 ecosystem look like? I recently came across an article with a very interesting core idea — stablecoins will continue to dominate trading and settlement, compliance frameworks will further integrate into the operational logic of major L1s, and true differentiation may emerge in the implementation of cross-chain interoperability. In other words, the competitive landscape of the single-chain era may be about to change; ultimately, it's about who can connect users, assets, and liquidity more seamlessly. This judgment conflicts quite a bit with the current L1 landscape — some mainstream L1s are still strengthening their ecological closed loops, but in the long run, those who adapt to this trend first will be able to seize the position.