Report: L1 Blockchains Face Slowdown in 2024 Amid Declining Activity

Level 1 (L1) blockchain networks, including Ethereum, Solana and Bitcoin, have seen a significant reduction in onchain and market activity in 2024. Coin Metrics researchers Tanay Ved and Matías Andrade highlight the challenges these networks face as fees totals and token performance. falls below year-to-date highs. Ethereum, Solana and Bitcoin see sharp drop (…)