About This Trend
Layer 1 refers to the base layer of a blockchain network, responsible for processing and validating transactions directly on its native blockchain. It is the foundational architecture of the blockchain ecosystem, enabling the core functionality of decentralized networks.
The trend is currently gaining traction due to significant discussions and developments in the cryptocurrency space, with prominent Layer 1 blockchains like Bitcoin and Ethereum being highlighted for their scalability and adoption. Recent news and analysis about Layer 1 networks have sparked interest among investors and developers, positioning them as critical components of the blockchain ecosystem's growth. .