In the blockchain and cryptocurrency realm, market trends regularly shift, with some tokens and networks seeing sharp, upward movements while others plummet. Recently, however, a number of assets across the crypto space have started sinking lower and lower. But Layer 1 blockchains like Ethereum, Avalanche, and Litecoin have managed to keep their heads above the water. And—if anything—their status as Layer 1s seems to be reinforcing a foundation on which user engagement and ongoing developer interest continue to exist. On the other hand, smaller tokens and memecoins seem to be rapidly losing momentum because the influx of new users has
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