Over the past year, the total value locked on alternative layer 1 blockchains such as Solana, Avalanche, Fantom, Binance Smart Chain, etc. has increased significantly. Ethereum remains the center of innovation in DeFi, but the need for faster and cheaper transaction costs has spurred the transfer of liquidity to similar protocols on other blockchains. For example, NFT launches and undercollateralized lending have been major sources of market activity in the past year, and their growth in alte...