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Alt Layer 1 Trade Unravels as Ethereum Killers Sink Below ETH

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Solana, Fantom and Other Layer 1s Ride the Storm

Alt Layer 1 Trade Unravels as Ethereum Killers Sink Below ETH Solana, Fantom and Other Layer 1s Ride the Storm By: Samuel Haig • Markets The would-be Ethereum killers are getting killed. Fantom, Solana, Avalanche, Cardano… These Layer 1 networks are getting walloped by the gravitational pull of the crypto crash this week with Terra’s implosion . They are down between 40% and 60% in the past five days, while Ethereum’s ETH outperforms them all, falling by a still eye-popping 26% in that time. Ethereum, Solana, Cardano, Fantom, Avalanche Prices. Source: TradingView In 2021, alternative Layer 1s,

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