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Comparing Layer-1 Platforms: 2022 Edition- Presented by Solana Foundation and Ava Labs

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The Block Research was commissioned by Ava LabsAva Labs and the Solana Foundation to produce Comparing Layer-1 Platforms: 2022 Edition, which provides an in-depth study across ten dominant Layer-1 (L1) ecosystems: Algorand, Avalanche, BNB Chain, Cardano, Cosmos, Ethereum, NEAR, Polkadot, Solana, and Tron. In this report, we compare their technical designs, network architectures, on-chain and ecosystem data, fundraising histories, and more. Through quantitative and qualitative analysis, we draw insights into what the future of the broader smart contract landscape could look like over the coming years.

In this report, we compare their technical designs, network architectures, on-chain and ecosystem data, fundraising histories, and more. Through quantitative and qualitative analysis, we draw insightsThe Block Research has created “Comparing Layer-1 Platforms: 2022 Edition” presented by Solana Foundation and Ava Labs.

An ecosystem of app chains, ideally with high security as well as seamless communication and interaction between them.Connect a new chain to an existing chain to leverage its security/decentralization while increasing scalability.Multiple task-specific chains that leverage the function of one another to fulfill the core functions of a monolithic blockchain – data availability, consensus, settlement, and execution.

. However, a few individual ecosystems, notably Tron, have defied this trend. Lower market prices also impact the total value locked and the average transacted value on-chain, both of which have generally decreased significantly.We can see this in the robust numbers for active address and transaction counts for low-fee ecosystems such as Tron and BNB Chain. However, there is sustained strength in demand for Ethereum L1 block space despite its high fees.

 

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