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Three layer-1 protocols see inflows amid choppy, volatile market conditions -Breaking


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.

The total value of Waves is locked in. Source: Defi Llama
Statisticians for Vires Finance and Neutrino have total value locked. Source: Defi Llama
Oasis total value Source: Defi Llama
Total value of. Source: Defi Llama
Cronos total value Source: Defi Llama
TVL Cronos Top Four Protocols Source: Defi Llama