The only thing that I would add is that the analysis of how many channel openings or splicing are possible in a year is not so relevant.
The biggest limit is distribution of wealth, which is likely to follow a power law, which means that ~80% won't be able to afford an UTXO.
quotinghttps://petertodd.org/2024/covenant-dependent-layer-2-review
note1num…uxr9
“Soft-Fork/Covenant Dependent Layer 2 Review”
I've finally published my big article sponsored by Fulgur Ventures, analyzing all the main covenant proposals, and the L2 proposals that would use them.
tl;dr: Ark is pretty cool, and CTV is a good way to get it.