Sunday, May 28

3 Possible Reasons Polkadot Is Playing Secondary Role In The Layer 1 Race By Cointelegraph

3 Possible Reasons Polkadot Is Playing A Secondary Role In The Layer 1 Race

The year 2021 was something of a “coming of age” for many layer one (L1) blockchain protocols because the growth of decentralized finance (DeFi) and non-fungible tokens (NFTs) forced users to look beyond solutions. of the network (ETH), where high fees and network congestion remained obstacles for many.

Protocols such as Fantom (FTM), (AVAX), and Cosmos (ATOM) saw their token values ​​rise and ecosystems flourish as 2021 drew to a close. Meanwhile, popular projects like (DOT) underperformed, in comparative terms, despite the high expectations many had for the fragmented multi-chain protocol.

Graph with the daily performance of FTM, AVAX, ATOM and DOT. Source: TradingView Leaving aside the specific capacity each protocol offers in terms of transactions per second and completion time, here are several factors that may have played a role in DOT’s lagging performance compared to other Layer 1 competitors.

Read the full article on Cointelegraph

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