Project development continues as token demand remains muted
Mar 24, 2022
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Weekly Recap
Cryptoassets performed strongly for the second consecutive week, as prices have seemingly become less responsive to negative headlines surrounding the war in Ukraine and the risk of excess hawkishness from the Fed.
It was another “risk-on” week within crypto as smart contract platforms performed the best on a size-adjusted basis out of any other sector.
Much of this outperformance stems from the recent optimism surrounding Ethereum’s merge and the consequent increase in staked ETH. However, alternative layer 1 platforms such as LUNA, DOT, SOL, and AVAX, have ha...