coin-img-ETHETH-4.62%coin-img-BTCBTC-4.11%coin-img-OKBOKB+1.78%coin-img-OPNOPN-17.68%coin-img-SOLSOL-4.27%coin-img-TAATAA-4.25%coin-img-USDCUSDC+0.02%coin-img-XRPXRP-2.66%coin-img-ETHETH-4.62%coin-img-BTCBTC-4.11%coin-img-OKBOKB+1.78%coin-img-OPNOPN-17.68%coin-img-SOLSOL-4.27%coin-img-TAATAA-4.25%coin-img-USDCUSDC+0.02%coin-img-XRPXRP-2.66%coin-img-ETHETH-4.62%coin-img-BTCBTC-4.11%coin-img-OKBOKB+1.78%coin-img-OPNOPN-17.68%coin-img-SOLSOL-4.27%coin-img-TAATAA-4.25%coin-img-USDCUSDC+0.02%coin-img-XRPXRP-2.66%coin-img-ETHETH-4.62%coin-img-BTCBTC-4.11%coin-img-OKBOKB+1.78%coin-img-OPNOPN-17.68%coin-img-SOLSOL-4.27%coin-img-TAATAA-4.25%coin-img-USDCUSDC+0.02%coin-img-XRPXRP-2.66%
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Hristina Vasileva

Alternative L1 chains raised $1.2B but lost users, liquidity and developers

According to CryptoRank data, several recently launched alternative L1 networks collectively raised up to $1.2B, yet their tokens are now down more than 96% from peak valuations. Projects such as Kadena, Moonbeam, Berachain and Scroll have seen daily users, on-chain fees, liquidity and developer engagement collapse, while most activity remains concentrated on Solana and Ethereum. Non-EVM chains outside Solana and over-funded L1s are increasingly viewed as redundant as Web3 teams prioritize more liquid ecosystems.
SCR
SCR-10.57%
SOL
SOL-4.55%
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