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As always this is just my take, not financial advice - the content is for informational purposes only…
a) The promise: Fast transactions, unparalleled developer and user experience, an interoperable dApp ecosystem that connects multiple chains and absorbs TVL from across the cryptoverse.
i) 2021 was a breakout year for many alt L1s, none more so than Terra which blasted it’s way to second position in Total Value Locked (TVL) of any chain and it’s stable coin UST flipped DAI to take the number 4 spot.
a) The promise: Flare Network has a simple vision; bring smart contracts (SCs) to chains without Turing Completeness e.g. XRP, LTC, DOGE and more.
1/ As of today DAOs have just around $16b (up from $1b in June when the article was written!) on their balance sheets, with the biggest generating huge interest from professional and retail investors alike.