Uphill Path to Adoption
This cycle has not seen nearly as much attention on L1s as the previous 2020 and 2021 bull market, with attention dominated by Solana and now Base (which doesn’t even have a token). After these two chains lies a significant gap when it comes to attention and activity, with other chains competing for the spots below as others await for the highly anticipated Monad, MegaETH, or Berachain TGEs.
In this thesis, we’ll discuss a familiar L1 rotation that still might have flown un...