Hello everyone! According to the analysis of Messari researcher Peter Horton, he tweeted on July 21 that in the second quarter, affected by Shanghai upgrades, memes, and various regulatory events, the growth rate of ETH’s circulation market value was ahead of other major L1 markets. It is worth noting that the market value of ETH increased by 3%, while the market value of other major L1s fell by an average of 23%.

In addition, the liquidity staking rate of each L1 has gradually increased, especially ETH, which reached more than 50% at the end of the second quarter, an increase of 25%. In terms of multi-dimensional quarterly growth rate, Cardano (ADA) performed strongly, including TVL, transaction volume, stablecoin market value, etc.

Another company that I have to mention is Avax. Influenced by Layerzero, it surpasses all mainstream L1s in terms of tx and new addresses.

What do you think about this? Welcome to interact and discuss in the comment area!