NEAR and ATOM Leads January PerformanceJan 11, 2022
NEAR and ATOM have been the top performers in the past month amidst a gloomy market. Other L1 projects either stayed flat or had a -20% to -40% drawdown since the 1st of December 2021.
ATOM users have been anticipating the launch of EVMOS (previously Ethermint) via a rektdrop, which promises EVM interoperability within the IBC ecosystem. As EVMOS gear up for its launch, we will likely see the IBC ecosystem pick up.
NEAR price has benefited from the launch of Aurora, which allowed EVM-compatible dApps on their network. One notable innovation was the use of ETH to pay for gas on Aurora, which makes for a seamless transition for Ethereum users who do not have to purchase the platform layer token just to pay for gas. For now, the gas fees are 100% subsidized.