Altcoin Roundup: High Ethereum fees kick-start a liquidity migration to layer-1 platforms

Altcoin Roundup: High Ethereum fees kick-start a liquidity migration to layer-1 platforms


In the ever-evolving world of cryptocurrencies and blockchain technology, the race to establish a highly scalable, user-friendly network capable of being adopted on a global scale is a never-ending marathon where new competitors regularly join in on the race. 

Bitcoin is undoubtedly the market leader when it comes to network security, active users and market capitalization value, while Ethereum has thus far established itself as the top smart contracts platform, but the continued difficulty in getting these networks to scale has opened the door for next-generation blockchain protocols to gain a foothold in the market.

The tenuous nature of Ethereum’s reign has begun to come under increased pressure in recent months as several up-and-coming layer-one- and layer-two-based protocols have launched incentive programs to attract liquidity and users to their ecosystems.

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Here’s a look at some of the rising layer-one smart contract platforms that are vying for an increased share of liquidity in the crypto market.

Fantom incentivizes developers to migrate

Fantom is

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