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By Walter Teng, CFA
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Aug 11, 2022
FIGURE: PEPE CROSSING BRIDGES TO EXPLORE ALTERNATE LAYER 1S / LAYER 2S Although ETH remains the dominant Layer 1 for most on-chain activity, alternate Layer 1s have demonstrated product-market fit throughout the bull market run of ‘20/’21. Solana (SOL -5.74% ) emerged as the ‘high-throughput chain’ focused on complex DeFi / gaming, BNB Chain (BNB 2.15% ) offers easy fiat on/off-ramps through Binance CEX, while Avalanche (AVAX -5.25% ) and Cosmos (ATOM -5.24% ) are building application-specific blockchains...
