Three layer-1 protocols see inflows amid choppy, volatile market conditions -Breaking
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L1 protocols (Layer 1) are the core of the decentralized app ecosystem. The network is the most popular in terms of total value (TVL) and number of protocols that have been launched. Fantom, BNB Chain, and Fantom follow.
As 2022’s sideways market drags on, and developers take time to develop their projects away from bull markets frenzy, many L1 protocols are outperforming the rest of the crypto industry and seeing gains in spite of the weakness of the larger market.
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