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
Join The Block Research for exclusive research like this
Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.