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A brief look at on-chain metrics of the largest L1s

A brief look at on-chain metrics of the largest L1s

Quick Take

  • Most of the projects with the highest market caps show very little on-chain activity
  • Other than Bitcoin and Ethereum (and perhaps TRON due to Tether), there is very little evidence that other L1 chains are getting meaningful traction

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Author: Larry Cermak


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