Bridging 101
Aug 11, 2022
• 9
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Although ETH remains the dominant Layer 1 for most on-chain activity, alternate Layer 1s have demonstrated product-market fit throughout the bull market run of ‘20/’21. Solana ($SOL) emerged as the ‘high-throughput chain’ focused on complex DeFi / gaming, BNB Chain ($BNB) offers easy fiat on/off-ramps through Binance CEX, while Avalanche ($AVAX) and Cosmos ($ATOM) are building application-specific blockchains that focus on interoperability.
These smart contract networks have chosen different tradeoffs along t...