Layer by Layer Issue 41: Avalanche, Algorand, and Polkadot
Quick Take
- In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
- Lending protocols have become key aggregators of liquidity across L1s as on-chain yields remain significantly lower than their prior highs in late 2021
- Aave continues its dominance in the Avalanche ecosystem, while a pair of lending protocols with “liquid governance” derivatives compete for superiority on Algorand. In the Polkadot ecosystem, liquid-staking derivatives are emerging as one of the most popular ways to attract capital
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Author: Kevin Peng
