Since the inception of Ethereum, Layer 1 (“L1) blockchains have been one of the most popular investment verticals in crypto. Among the top 20 cryptocurrencies by market capitalization, over half are native tokens of L1 blockchains. Indeed, the “alt L1” narrative was a key theme for both the 2017 and 2021 adoption cycles. Fueled by overwhelming demand for Ethereum blockspace, many investors and users flocked to the new, shiny L1 with higher capacity and lower fees.
Can Any Layer 1 Blockchain Overtake Ethereum?
Can Any Layer 1 Blockchain Overtake Ethereum?
Can Any Layer 1 Blockchain Overtake Ethereum?
Since the inception of Ethereum, Layer 1 (“L1) blockchains have been one of the most popular investment verticals in crypto. Among the top 20 cryptocurrencies by market capitalization, over half are native tokens of L1 blockchains. Indeed, the “alt L1” narrative was a key theme for both the 2017 and 2021 adoption cycles. Fueled by overwhelming demand for Ethereum blockspace, many investors and users flocked to the new, shiny L1 with higher capacity and lower fees.