Data Shows Layer-1 Price Growth Reflects Unique Address Proliferation

Data Shows Layer-1 Price Growth Reflects Unique Address Proliferation


Is that time of the year again, Bitcoin seems stuck in a never ending range while Layer-1 coins and other cryptocurrencies rally. The crypto market ended 2021 with important profits, but not with the bang everyone seemed to have been expecting.

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Arcane Research recorded important growth in Layer-1 coins, such as Fantom (FTM), and Avalanche (AVAX) as a result of a 2021 full of adoption. These cryptocurrencies experienced rallies over 15x against Ethereum (ETH) and took a portion of its market share.

Arcane Research claims the growing popularity in decentralized finances (DeFi), non-fungible tokens (NFTs), and the transaction fee increase on the Ethereum network. The latter phenomenon started in 2020 with the

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