As blockchain adoption expands across Layer 1 and Layer 2 networks, liquidity fragmentation is becoming a structural constraint rather than a passing inefficiency. Assets like
$AVAX highlight how quickly ecosystems can scale yet capital often disperses across bridges, wrapped assets, and parallel trading venues.
Fragmentation increases slippage, thins order books, and weakens capital efficiency. Even technically strong ecosystems can encounter growth ceilings if users face inconsistent pricing or shallow depth across major trading pairs. For traders and liquidity providers, this adds operatio