3 possible reasons By playing Cointelegraph playing the second fiddle in the Polkadot L1 race
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For many 2021-layer (L1) blockchain protocols, it was a kind of “age of majority” because the growth of decentralized finance (DeFi) and fungal tokens (NFT) forced users to look for solutions.ETH) network where high rates and network congestion continued to be an obstacle for many.
Protocols like Phantom (FTM), (AVAXand Cosmos (ATOM) their significant values increased and ecosystems flourished by the end of 2021. Meanwhile, well-known projects such asDOT) had low performance, comparatively speaking, despite the high expectations of many for the fragmented multi-chain protocol.
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