Premium of L1
Ethereum is secure and decentralized, but when the network gets busy, it becomes almost unusable for most people. Its revenue still comes from gas fees paid in $ETH.Next, "Dino" Layer 1s (L1s) came along, promising fast and cheap transactions, but they usually traded off too much security. Most of them didn't last. Tron and Polygon are two of the few still actively building. Others mostly got popular because of incentives, and once those dried up, so did the momentum.Then Layer 2s (L2s) arriv...
Premium of L1
Ethereum is secure and decentralized, but when the network gets busy, it becomes almost unusable for most people. Its revenue still comes from gas fees paid in $ETH.Next, "Dino" Layer 1s (L1s) came along, promising fast and cheap transactions, but they usually traded off too much security. Most of them didn't last. Tron and Polygon are two of the few still actively building. Others mostly got popular because of incentives, and once those dried up, so did the momentum.Then Layer 2s (L2s) arriv...
