Justin Bons, CIO and co-founder of Cyber Capital, Europe’s oldest crypto investment firm. It talked about the trend towards truly scalable L1.
“The blockchain industry is witnessing a shift in trends these days. Because instead of Ethereum (ETH), all eyes are on its L1 competitor,” Justin Bons, CIO of Cyber Capital, said in a recent X post.
Scalable, first-class blockchains such as Solana (SOL), Avalanche (AVAX), Near Protocol (NEAR), and MultiverseX (formerly Elrond, EGLD) have all benefited from this trend shift, and Bons also praises the opportunity. To scale Tezos (XTZ) and The Open Network (TON)
However, according to his opinion These assets lack security and decentralization. He also emphasized that blockchain should make L1 scalable, rather than relying on rollups and sidechains.
Meanwhile, interest in Solana (SOL) has been spurred by airdrop activity such as Jito Network (JTO) and other airdrop campaigns expected in Q1 2024.
refer : u.today
picture news.bitcoin.com
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