Sunday, December 4, 2022

Terra, Avalanche and Osmosis lead the L1 recovery while Bitcoin searches for support By Cointelegraph

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© Reuters.

The layer-one (L1) ecosystem has received increased attention in recent months as users search for new investment opportunities in the Cosmos (ATOM), Fantom (FTM) and NEAR.

Following January’s market sell-off, where (BTC) price dropped to bottom below $34,000, much of the L1 field has struggled to regain its momentum.

Price performance of L1 tokens since Jan. 24. Source: Delphi Digital
ANC/USDT 1-day chart. Source: TradingView
OSMO/USDT performance vs. other cryptocurrencies. Source: Delphi Digital
Total value locked on Osmosis. Source: Defi Llama