The Layer-1 Landscape: Ethereum’s Struggles And Competitor Analysis
Published by
ValueWalk

What do you do when you are popular, but you can’t handle the heat? This is the question Ethereum has been struggling with for the last two years, after much development since its launch in 2014. As the first blockchain network to deploy and popularize dApps, Ethereum has skyrocketed in popularity since 2020. In fact, without Ethereum, decentralized finance (DeFi) wouldn’t exist today as we know it. Q4 2021 hedge fund letters, conferences and more Total value locked (TVL) in Ethereum. Its activity ramped up drastically in the summer of 2020. Source: DeFiLlama.com This is a 20,000% rise from Ap…

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