Altcoin Roundup: High Ethereum fees kick-start a liquidity migration to layer-1 platforms

In the ever-evolving world of cryptocurrencies and blockchain technology, the race to establish a highly scalable, user-friendly network capable of being adopted on a global scale is a never-ending marathon where new competitors regularly join in on the race.

is undoubtedly the market leader when it comes to network security, active users and market capitalization value, while has thus far established itself as the top smart contracts platform, but the continued difficulty in getting these networks to scale has opened the door for next-generation blockchain protocols to gain a foothold in the market.

Total value locked on Fantom. Source: Defi Llama
Total value locked on Avalanche. Source: Defi Llama
Top 7 blockchain protocols by total value locked. Source: Defi Llama