Ethereum

Attention is shifting toward the renaissance of established L1s.

Just yesterday, Franklin Templeton, with $1.6 trillion in assets under management, launched a tokenized money market fund on Avalanche, while Grayscale introduced a $AVAX token trust product.

Fantom ($FTM) is experiencing a revival with the return of DeFi pioneer Andre Cronje, and it’s in the process of upgrading to the high-performance Sonic network.

These L1s, which created miracles in the last bull market, still maintain relatively strong developer and user communities. Compared to the new generation of L2s, as the FOMO of chasing new projects fades, the established L1s have a greater advantage in value accumulation.

Exciting to see the focus back on established L1s like Avalanche and Fantom! Their strong developer and user communities are definitely a key advantage in the current market landscape. The tokenized money market fund on Avalanche and the $AVAX token trust product by Grayscale are just the beginning of what's to come. Looking forward to witnessing the renaissance of these projects! 🌐💰 