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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
Footnotes
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