Curiosity in Layer 1 blockchain initiatives has been rising by the day, and it is not laborious to see why. These initiatives are going to be enormous sooner or later, however listed here are some highlights:
Layer 1 chains tackle the scalability issues of blockchain know-how.
Additionally they give customers higher charges, speeds, and effectivity.
Though we have now seen an uptick in new Layer-1 blockchain initiatives, there are just a few which have actually stood out.
Listed below are our prime three picks of the perfect Layer-1 blockchain initiatives to purchase firstly of 2022.
Polygon (MATIC)
Beforehand often called the Matic Community, Polygon (MATIC) is a structured Ethereum scaling mission designed to deliver environment friendly, low-cost, and quick blockchain infrastructure.
Information Supply: Tradingview.com
On the time of writing, its native token MATIC was promoting at $2.62. Polygon (MATIC) is up 13000% this yr, and extra might nonetheless come from the coin in 2022 as investor sentiment in the direction of Layer-1 blockchains grows.
Ethereum (ETH)
Ethereum (ETH) is the king of Layer -1 blockchains. Sure, the platform has seen stiff competitors from different newer choices, nevertheless it nonetheless stays a strong funding merely due to its huge infrastructure.
Over 4000 initiatives have launched on the Ethereum community, and apart from, ETH is the second largest crypto after Bitcoin. It’s subsequently price it, and on the time of writing, ETH was buying and selling at round $3794. Though it’s a bit decrease from its 2021 highs, ETH continues to be up 405% for the yr.
Solana (SOL)
Solana (SOL) is probably some of the promising options to Ethereum. The community is promising higher speeds, low prices, and cross-chain interoperability. So, far it has earned loads of respect and rising help within the crypto house.
Solana can be seeing an uptick within the variety of initiatives launching on the community. This yr alone, its native token SOL has grown by a whopping 12000%. On the time of writing, the coin was buying and selling at $176.
