Layer-1 Tokens Slumped in 2025: OAK Research Cites SOL -35.9% and AVAX >67% Drop

Layer-1 assets saw sharp drawdowns in 2025, with Solana down 35.9% and Avalanche falling more than 67%, according to OAK Research's end-of-year report. The study highlights user redistribution, TVL shifts, and a pivot toward revenue-focused protocols, while developer activity stayed resilient across EVM, Bitcoin, and Solana ecosystems.