CyberConnect (CYBER) has evolved from a decentralized social graph protocol into a broader Web3 social infrastructure layer, now operating Cyber L2 — an Ethereum Layer 2 built on the OP Stack focused on social applications. The project aims to unify on-chain social identity and enable developers to build decentralized social dApps with composable data. Its CyberAccount abstraction and CyberGraph infrastructure offer meaningful utility for onboarding mainstream users into Web3 social experiences.

Strengths include a clear product vision bridging social networking and blockchain, backing from notable investors like Animoca Brands and Multicoin Capital, and integration with the Optimism Superchain ecosystem. The pivot to an L2 demonstrates ambition but also introduces execution risk in an increasingly crowded rollup landscape.

Concerns include relatively modest adoption metrics compared to established L2s, uncertainty around sustainable user retention beyond airdrop-driven activity, and competitive pressure from platforms like Lens Protocol and Farcaster. The social-fi narrative remains unproven at scale. CYBER token utility as a governance and gas token on the L2 provides fundamental value, though market sentiment in this niche remains volatile.