Curiosity in Layer 1 blockchain tasks is rising day-to-day, and it’s not arduous to see why. These tasks are going to be big going ahead, however listed here are some highlights:
Layer 1 chains clear up the scalability problems with blockchain know-how.
Additionally they present customers with higher charges, speeds and effectivity.
Whereas we’ve seen a slight enhance in new Layer 1 blockchain tasks, there are just a few which have actually stood out.
Listed below are our prime three picks of the most effective Layer 1 blockchain tasks to purchase in early 2022.
Previously referred to as Réseau Matic, Polygon (MATIC) is a structured Ethereum scale-up undertaking designed to ship environment friendly, cheap, and quick blockchain infrastructure.
Information supply: Tradingview.com
On the time of writing, its native MATIC token was promoting for $ 2.62. Polygon (MATIC) is up 13,000% this yr, and extra may come from the coin in 2022 as investor sentiment in the direction of Layer 1 blockchains will increase.
Ethereum (ETH) is the king of layer -1 blockchains. Sure, the platform has confronted heavy competitors from different newer choices, however it’s nonetheless nonetheless a strong funding merely due to its in depth infrastructure.
Over 4000 tasks have been launched on the Ethereum community, and moreover, ETH is the second largest crypto after Bitcoin. So it’s price it, and on the time of writing ETH is buying and selling at round $ 3,794. Regardless of being slightly decrease than its 2021 highs, ETH continues to be up 405% for the yr.
Solana (SOL) is probably one of the vital promising options to Ethereum. The community guarantees higher speeds, decrease prices and interoperability between chains. Up to now, it has gained plenty of respect and rising assist within the crypto area.
Solana additionally notes a rise within the variety of tasks launched on the community. This yr alone, its native SOL token has grown by 12,000%. On the time of writing, the coin was buying and selling at $ 176.