Are Alt-L1s over? Security, costs drive smaller chains to Ethereum

Neutral-13.20%

12 Nov, 13:30

Source: Cointelegraph

AI Summary

Smaller Layer 1 blockchains like Zilliqa, Gnosis, and Ronin are migrating to the Ethereum ecosystem to leverage its superior security and liquidity, highlighting ongoing consolidation in the alt-L1 space.

Are Alt-L1s over? Security, costs drive smaller chains to Ethereum

L1 blockchains Zilliqa, Gnosis and Ronin join the Ethereum ecosystem as the costs of going it alone grow, and the security and liquidity advantages become too hard to resist.