Blockchain
Cryptocurrency
DeFi
Ethereum
December 8, 2021, 4:41PM EST
• 12 min read

Layer by Layer 2021 Review: Part 1

Kevin Peng

Quick Take

  • This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report
  • Layer-1 blockchains have seen significant growth throughout 2021, capturing market share from Ethereum and employing varied strategies to build their own ecosystems
  • Incentives and increased funding have played a key role in the growth of L1 platforms
  • With many L1 ecosystems reaching new all-time highs in total value locked, competition remains intense among DeFi protocols vying for user share

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