Top 5 Under-the-Radar Layer 1s to Keep an Eye On

Going beyond mainstream blockchains and exploring what alt-L1s have to offer.

There are 124 layer 1 blockchains on Coingecko. How many do you know? And how many do you actually use?

I’m active on ~10 L1s (and a number of L2s) but most of my assets are on Bitcoin, Ethereum, and Solana.

A small confession: I thought Ethereum had already won the L1 games during the bear market as 1) the number of L2s grew promising to solve Ethereum scalability problems and 2) activity on alt-L1s was dead and there were no Ordinals/Runes on Bitcoin.

How wrong I was! Not only did Solana outperform most L1s, but ETH's price is still lagging behind even BTC.

I agree with Arthur that the current crypto cycle is different from 2021 as there’s a significant spread in returns, with few cryptos outperforming Bitcoin since the October 23 low.

Unlike the indiscriminate pumps of 2021, the market now rewards careful token selection and active investment management. This shift towards fundamentals in a broad sense reduces the likelihood of making quick fortunes by luck, which ultimately strengthen…