Wrt to value accrual from Avalanche L1s:
Starting from the premise of extracting value from building a network has never worked in history, you need network effects first.
With that said, there is value accrual from L1s that isn’t being measured. C-chain, Primary Network and ICM create value-add services to increase demand for AVAX. This is already happening with Maplestory, for example which via ICM has 3-7k transactions per day on the C-Chain which all burn AVAX.
Multiple that by 1000 and you will burn the equivalent of what most monolithic chains burn per annum.
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