July 28, 2022, 10:29PM EDT
• 20 min read

Layer by Layer Issue 41: Avalanche, Algorand, and Polkadot

Quick Take

  • In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
  • Lending protocols have become key aggregators of liquidity across L1s as on-chain yields remain significantly lower than their prior highs in late 2021
  • Aave continues its dominance in the Avalanche ecosystem, while a pair of lending protocols with “liquid governance” derivatives compete for superiority on Algorand. In the Polkadot ecosystem, liquid-staking derivatives are emerging as one of the most popular ways to attract capital

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