What are the protocols that meet the "high-risk BTC L2" criteria? Developers criticize the chaos of Bitcoin L2.

The developer @mononautical of mempool.space, a platform providing Bitcoin network data, has expressed his views on the recent turmoil in BTC Layer 2 solutions, citing numerous risky characteristics:

Ubiquitous Points-based Financial Games

As described by @mononautical, these types of L2 solutions are not limited to the Bitcoin network but are also present in Ethereum. The popular points-based financial games have led many to deposit large sums of money into L2 without considering the risks. Various L2 solutions are constantly being introduced, offering various activities to incentivize users to lock up their assets.

Despite the potential risks in the architecture and the fact that it is mostly a game of investment involving VCs, the Web3 community may not necessarily care whether these are "real" L2 solutions or have any actual technical vision, as long as they can receive a large number of points through airdrops.

Is the VC meme no longer in favor? Will the "KOL cycle" become the new, rapid, and effective financing and marketing technique in the Web3 space?