3 possible reasons why Polkadot is playing second fiddle in the L1 race -Breaking
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For many L1 layer-one blockchain protocols, 2021 marked a kind of “coming-of age”. This was due to decentralized financial (DeFi), and nonfungible tokens(NFTs) growth. Users had to search for other solutions.ETH() Network where network congestion and high fees remained barriers for many.
Protocols such as Fantom (FTM)AVAXCosmos (ATOMAs 2021 closed, token values rose for ), and ecosystems prospered. Popular projects such as (DOT() Underperformed relative to expectations despite the high hopes many had for the Sharded Multi-Chain Protocol.
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