While Ethereum’s blocks have been nearly full for over a year, we’ve seen multiple L1 & L2 networks...for independently secured modules whereas Ethereum, Polkadot, Near, and Celestia (a relatively new L1...What makes rollups special amongst L2s is that they don’t try to get around this problem.

ETH Lags Other L1s Over the past 30 days, ETH has struggled to keep up with other L1 tokens....likely cause for this has been the flurry of announcements regarding new incentive programs on these L1s...L1s Battle For Liquidity Solana, Terra, Avalanche and Fantom have all seen a surge in TVL over the past...

🔍 The L2 Wars The adoption of layer-2 networks built on Ethereum has been impressive over the past...In this case, the proof is in the fees: ~4% of Ethereum’s gas is now consumed by L2 contracts, up from...Additionally, L2s have flipped the Ethereum base layer in terms of transactions per second.

Morgan and FIFA are opting for tailored Avalanche L1s....Avalanche now supports 75 active L1s and over 845 total validators....of L1s live on Avalanche reflects how flexible the architecture is....As of writing, the mainnet L1 has settled almost 9 million total transactions (even with the relatively...

Examples like Uniswap (Unichain L2) and dYdX (dYdX L1) come to mind....Avalanche L1s: Pre-Etna Avalanche L1s pre-Etna were built for scalability and blockspace abundance....the L1’s performance. ...All staking-related operations for the Avalanche L1 are handled by the L1’s validator manager.

As highlighted by Flashbots’ research on L2 MEV, over $3.9 Bn in atomic arbitrage volume and $400 Mn...The funds used by a prospective auction participant to place bids are deposited into this contract on L2...Atlas helps capture MEV on the app layer, but it is out of scope for this post as it is concerned with L2...

Most L1s already have the significant majority of their supply staked (ETH is currently the outlier for...

Discord News Alchemix hints at veALCX. FujiDAO teases a new concept in their discord. GnosisDAO discloses SAFE token allocations. JonesDAO […]...

Chart of The Day: Some L1s Win, Some L1s Lose Since the BTC bottom around Jan. 24th, most L1s have...With BTC recovering recently, most L1 tokens are still underwater even as BTC approaches +20% from its...Surprisingly enough, AVAX seems to move with a higher correlation to BTC relative to other L1s.

Chart of The Day: Near Leads L1 Recovery NEAR led the L1 recovery by growing by ~50% over the past...With LFG putting buy pressure on BTC, it has outperformed multiple other L1s like CRO, AVAX, BNB, and...Chart of The Day: Near Leads L1 Recovery NEAR led the L1 recovery by growing by ~50% over the past […...

However, the increase in userbase isn’t reflected in its volume as swaps continue to hold 3-9% of daily...moving the execution of transactions to a separate chain and then batching them together to post to the L1...protocol launched, originally on the PoS sidechains xDAI and Polygon, and later in the year on the L2...

...data to L1s....This allows L2s to inherit the security of the L1 it settles on....The surge in gas spent was propelled by activity from several L2s....by L2s to utilize its security....For more detail, read our Delphi Pro report about L1s vs L2s.

Chart of The Day: Avalanche and Cosmos Lead L1 Recovery The crypto markets experienced a tumultuous...This, of course, had a knock-on effect on the rest of the market, including other L1s....For more on L1s, you can read more on our Delphi Pro report on L1s vs L2s here. Paywall removed!

L1s Can’t Stop, Won’t Stop BTC is and has been leading the market for a few weeks now....When BTC momentum slows down, L1 tokens often perform better than any category....L1s have been the best performing tokens since the June bottom — and quite frankly, they boast the highest...Most L1 tokens (especially SOL) experienced a strong catch-up move today.

Arbitrum and Metis Lead L2 TVL Growth Total Value Locked on L2s has risen back to levels seen at the...Among the seven largest L2s by TVL, only Arbitrum (+19% YTD) and Metis (+94% YTD) have seen positive...

...data supports the thesis that a fair number of Ethereum users have actually migrated to Loopring’s L2...The perfect storm (for Loopring) would see liquidity migrate from L1 Ethereum DEXs over to their solution...

L2s offer a solution to this, but they’re just starting to get off the ground....L2s Need a Jolt Optimism enjoyed a month-long head start over Arbitrum and has consequently seen more...pic.twitter.com/e7UghlgtKy — Sotheby’s (@Sothebys) September 9, 2021 Delphi’s Kevin Kelly speaks to...(@stablekwon) September 9, 2021...

Total Value Locked Note: Ethereum TVL is on a separate axis to better highlight fluctuations in other L1...

In this report, we dig into Bitcoin’s outlook amidst an uncertain macro backdrop. We unpack notable long-term miner, exchange, and holder base metrics, as well as touch on where Bitcoin could move in...

AVAX has recently caught up on the back of it’s 9 figure liquidity mining program....Each outperforming L1 has its own narrative driving price....What stands out, however, is ETH’s underperformance relative to other L1 assets....The recent L1 surge, ETH heats up, and BTC liquidity improves.