February 10, 2023, 3:58PM EST
• 6 min read

January Layer 1 Landscape Recap

Quick Take

  • This piece provides a recap of some of the key metrics and insights in the Layer 1 landscape in January 2023.
  • Crypto markets are off to a quick start in 2023, with L1 network valuations seeing a significant recovery from their lows in 2022.
  • On-chain activity remained relatively subdued across the largest L1s in January in spite of major market movements.
  • Nearly all L1s saw an increase in TVL, but broad stablecoin outflows reflect a continually shifting concentration of user attention and capital.

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