Layer 1 Blockchains: Powering the Future of Crypto Development

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The foundation of any decentralized application (dApp) is the Layer 1 (L1) blockchain it is built on. The choice of L1 can significantly impact the scalability, security, and usability of an application. At Simplicity Group, we understand the importance of making the right choice, which is why we have thoroughly researched the top Layer 1 blockchains.

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Our report evaluates eight leading L1 blockchains—Ethereum, Solana, BSC, Avalanche, Sui, Sei, Altos, and Near—comparing their consensus mechanisms, dApp ecosystems, and on-chain data. We also provide an in-depth analysis of each blockchain’s network performance, including transaction throughput, security features, and the top decentralized applications running on them.

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This report includes:

• A comparative table showing key metrics across the top L1s
• Insights into the top five dApps on each blockchain and their user activity
• Network performance statistics and scalability considerations

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For developers and project teams, this report offers valuable guidance in selecting the most suitable blockchain for their project. Understanding the trade-offs between speed, security, and decentralisation is essential for success in the crypto space.

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For more information and a detailed breakdown, read the full report here.

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