Three layer-1 protocols see inflows amid choppy, 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 the number of protocols launched on-chain and total value locked (TVL), followed by BNB Chain and Fantom.

As the sideways market of 2022 drags on and serious projects use the time away from the frenzy of bull markets to work on development, several L1 protocols have been outperforming the field and making gains despite weakness in the wider crypto market.

Total value locked on Waves. Source: Defi Llama
Total value locked statistics for Neutrino and Vires Finance. Source: Defi Llama
Total value locked on Oasis. Source: Defi Llama
Total value locked on . Source: Defi Llama
Total value locked on Cronos. Source: Defi Llama
Top 4 protocols by TVL on Cronos. Source: Defi Llama