3 possible reasons why Polkadot is playing second fiddle in the L1 race -Breaking
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Many layer-one (L1) protocols experienced a “coming of age” in 2021 due to the rise of nonfungible tokens and decentralized finance (DeFi). Users were forced to seek out solutions beyond the L1 protocol.ETH() Network where network congestion and high fees remained barriers for many.
Protocols such Fantom, (FTM)AVAXCosmos (ATOMAs 2021 came to an end, ), saw their token value rise while ecosystems thrived. 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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