2023 CMC Crypto Playbook: Layer-1s — What has happened and where are we headed? By Binance Research
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Considering the standards of 2022 and all that has happened in the crypto space, layer 1 (“L1s”) can still be said to have had a very interesting and eventful year. Many notable events have taken place in the L1 space over 2022. From Ethereum’s transition from proof-of-work to proof-of-stake in September, to the implosion of the Terra ecosystem in May. New layer 1 were announced, with Aptos launching its mainnet and Sui expected early to do so next year. Notable incumbent, BNB Chain and leading layer-2 (“L2”) solution, Polygon, gained market share in the vacuum left by Terra, while Solana
The sports governing body of Football, FIFA, has partnered with the Avalanche blockchain to develop its own blockchain. Prior to the Qatar World Cup, FIFA had utilized the Algorand blockchain when it entered into the world of Non-fungible Tokens and issued a non-fungible token (NFT) on this blockchain network in…
Sui, the groundbreaking Layer 1 blockchain and smart contract platform, has forged a strategic partnership with Space and Time (SxT), the verifiable compute layer, to empower developers with seamless access to off-chain data. This collaboration marks a significant milestone in the Web3 ecosystem, as SxT is declared the preferred data…