In this issue of Coin Metrics’ State of the Network, we deep dive into Layer-1 blockchain architectures, usage, and token economics
Key Learnings
- The evolution and role of Layer-1s as foundational infrastructure powering the on-chain economy.
- Types of Layer-1 blockchains (modular vs. monolithic, general purpose vs. purpose built), and the different architectural approaches to core functions (i.e., execution, settlement, consensus, and data availability).
- Adoption and usage across networks like Bitcoin, Ethereum, Solana, and Avalanche, measured through on-chain data and metrics.
- Economic mechanisms underpinning Layer-1 native tokens and how value accrual links to network activity, fees, and monetary policy.
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