Three Layer 1 protocols see entries in choppy and volatile market conditions By Cointelegraph


Layer 1 (L1) protocols are the foundation of the decentralized application ecosystem, with the network dominating the landscape in terms of number of protocols launched on chain and total value locked (TVL), followed by BNB Chain and Fantom .

As the 2022 sideways market drags on and serious projects use the time away from the frenzy of bull markets to work on development, several L1 protocols have outperformed the domain and made gains despite weakness in the broader market of cryptography.

Total value locked to Waves. Source: Llama Challenge
Total value locked stats for Neutrino and Vires Finance. Source: Llama Challenge
Total value locked to Oasis. Source: Llama Challenge
Total value locked to . Source: Llama Challenge
Total value locked on Chronos. Source: Llama Challenge
Top 4 protocols by TVL on Cronos. Source: Llama Challenge

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