Interest in Layer 1 blockchain projects is growing day by day, and it’s not hard to see why. These projects are going to be huge going forward, but here are some highlights:
Layer 1 chains solve the scalability issues of blockchain technology.
They also provide users with better rates, speeds and efficiency.
While we’ve seen a slight increase in new Layer 1 blockchain projects, there are a few that have really stood out.
Here are our top three picks of the best Layer 1 blockchain projects to buy in early 2022.
Formerly known as Réseau Matic, Polygon (MATIC) is a structured Ethereum scale-up project designed to deliver efficient, inexpensive, and fast blockchain infrastructure.
Data source: Tradingview.com
At the time of writing, its native MATIC token was selling for $ 2.62. Polygon (MATIC) is up 13,000% this year, and more could come from the coin in 2022 as investor sentiment towards Layer 1 blockchains increases.
Ethereum (ETH) is the king of layer -1 blockchains. Yes, the platform has faced heavy competition from other newer options, but it is still still a solid investment simply because of its extensive infrastructure.
Over 4000 projects have been launched on the Ethereum network, and besides, ETH is the second largest crypto after Bitcoin. So it’s worth it, and at the time of writing ETH is trading at around $ 3,794. Despite being a little lower than its 2021 highs, ETH is still up 405% for the year.
Solana (SOL) is perhaps one of the most promising alternatives to Ethereum. The network promises better speeds, lower costs and interoperability between chains. So far, it has gained a lot of respect and growing support in the crypto space.
Solana also notes an increase in the number of projects launched on the network. This year alone, its native SOL token has grown by 12,000%. At the time of writing, the coin was trading at $ 176.