{"id":418238,"date":"2022-03-19T00:00:00","date_gmt":"2022-03-18T21:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/altcoin-roundup-three-layer-1-protocols-see-inflows-amid-choppy-volatile-market-conditions\/"},"modified":"2022-03-19T00:00:00","modified_gmt":"2022-03-18T21:00:00","slug":"altcoin-roundup-three-layer-1-protocols-see-inflows-amid-choppy-volatile-market-conditions","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/altcoin-roundup-three-layer-1-protocols-see-inflows-amid-choppy-volatile-market-conditions\/","title":{"rendered":"# Altcoin Roundup: Three layer-1 protocols see inflows amid choppy, volatile market conditions"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3cd15378c2d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3cd15378c2d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoin-roundup-three-layer-1-protocols-see-inflows-amid-choppy-volatile-market-conditions\/#%E2%80%9D_Altcoin_Roundup_Three_layer-1_protocols_see_inflows_amid_choppy_volatile_market_conditions_%E2%80%9C\" >&#8221; Altcoin Roundup: Three layer-1 protocols see inflows amid choppy, volatile market conditions &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoin-roundup-three-layer-1-protocols-see-inflows-amid-choppy-volatile-market-conditions\/#Waves\" >Waves<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoin-roundup-three-layer-1-protocols-see-inflows-amid-choppy-volatile-market-conditions\/#Oasis\" >Oasis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoin-roundup-three-layer-1-protocols-see-inflows-amid-choppy-volatile-market-conditions\/#Cosmos_ecosystem_chains\" >Cosmos ecosystem chains<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/altcoin-roundup-three-layer-1-protocols-see-inflows-amid-choppy-volatile-market-conditions\/#Want_more_information_about_trading_and_investing_in_crypto_markets\" >Want more information about trading and investing in crypto markets?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Altcoin_Roundup_Three_layer-1_protocols_see_inflows_amid_choppy_volatile_market_conditions_%E2%80%9C\"><\/span>&#8221; Altcoin Roundup: Three layer-1 protocols see inflows amid choppy, volatile market conditions &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-128018ef>Layer-1 (L1) protocols are the foundation of the decentralized <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication ecosystem, with the Ethereum network dominating the landscape in terms of the number of protocols launched on-chain and total value locked (TVL), followed by BNB Chain and Fantom.\u00a0<\/p>\n<p>As the sideways market of 2022 drags on and serious projects use the time away from the frenzy of bull markets to work on development, several L1 protocols have been outperforming the field and making gains despite weakness in the wider crypto market. <\/p>\n<p>Here\u2019s a look at three L1 protocols that are seeing growth in their decentralized finance (DeFi) communities and an influx of TVL on their networks. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Waves\"><\/span>Waves<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Waves is a multi-purpose blockchain protocol that was originally launched in 2016 and has since undergone several transformations along the path to Waves 2.0. <\/p>\n<p>The Waves ecosystem has experienced tremendous growth over the past month, with the protocol\u2019s TVL increasing from $700.95 million on Feb. 4 to a new record high of $2.77 billion on March 18, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/Waves\">according<\/a> to data from DefiLlama. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/1a8449a6-9a25-444d-8e7c-b082b3ce348a.png\"><figcaption style=\"text-align: center;\"><em>Total value locked on Waves. Source: Defi Llama<\/em><\/figcaption><\/figure>\n<p>The network\u2019s increased TVL has largely been attributed to gains on the algorithmic price-stable \u201cassetization protocol\u201d Neutrino, which creates stablecoins tied to real-world assets, cryptocurrencies and the non-custody liquidity protocol Vires Finance. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/919e46ca-db0c-4a89-9a0b-5ec0addccb23.png\"><figcaption style=\"text-align: center;\"><em>Total value locked statistics for Neutrino and Vires Finance. Source: Defi Llama<\/em><\/figcaption><\/figure>\n<p>During the aforementioned period of Feb. 4 through March 15, the price of Waves surged 278% from a low of $8.17 to a high of $31.04, suggesting that interest in the Waves ecosystem has been increasing on multiple fronts. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Oasis\"><\/span>Oasis<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Oasis is a privacy-enabled L1 blockchain network that focuses on offering high throughput and low transaction fees in a secure manner.<\/p>\n<p>The Oasis network got off to a quick start in terms of TVL when its first decentralized exchange, YuzuSwap, launched in early January and quickly amassed more than $160 million in liquidity. However, the TVL would quickly fall through late February, reaching $65.18 million.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/05715eae-84d4-46f9-9d7e-f291457c5aa0.png\"><figcaption style=\"text-align: center;\"><em>Total value locked on Oasis. Source: Defi Llama<\/em><\/figcaption><\/figure>\n<p>After an initial period of volatility, Oasis\u2019 TVL has climbed to a new high of $194.92 million, thanks in large part to the rise of the ValleySwap automated market maker protocol, which has seen its TVL climb to $125.5 million in March. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Here\u2019s how traders were alerted to RUNE\u2019s, FUN\u2019s, WAVES\u2019 and KNC\u2019s big rallies last week<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cosmos_ecosystem_chains\"><\/span>Cosmos ecosystem chains<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A third chain that is having a big impact on the DeFi sector is Cosmos and its Interblockchain Communication protocol. Cosmos\u2019 TVL is understated, as most data providers don\u2019t track the chains in the Cosmos ecosystem in the same way they track Ethereum.<\/p>\n<p>Some of the most notable gains in TVL over the past month have come on chains that are part of the Cosmos ecosystem, including Terra, Cronos and THORChain. <\/p>\n<p>As mentioned in a previous Altcoin Roundup, a significant portion of the growth seen on Terra has come via inflows to the Anchor protocol, which is responsible for minting the TerraUSD (UST) stablecoin. <\/p>\n<p>These inflows have increased Anchor\u2019s TVL by 54.58% to $13.57 billion, which also boosted Terra\u2019s overall TVL to $26.34 billion on March 10. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/40687dcd-f633-461f-bfdd-7892ce5ab415.png\"><figcaption style=\"text-align: center;\"><em>Total value locked on Terra. Source: Defi Llama<\/em><\/figcaption><\/figure>\n<p>Cronos is a blockchain network that arose out of the Crypto.com ecosystem when the project rebranded in November 2021. As part of this process, Crypto.com\u2019s CRO token was rebranded to Cronos. <\/p>\n<p>Since its unveiling, the Cronos network has had a total of 48 protocols launch on-chain or establish cross-chain integrations, which raised the network\u2019s TVL to an all-time high of $3.19 billion on March 18. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/493ab623-65df-45c5-8b76-6ea0b4b930e9.png\"><figcaption style=\"text-align: center;\"><em>Total value locked on Cronos. Source: Defi Llama<\/em><\/figcaption><\/figure>\n<p>Cronos\u2019 TVL spike occurred during a period where the value of CRO declined 32% from a high of $0.54 on Feb. 10 to a low of $0.372 on March 15, suggesting the value added to the ecosystem came from new assets migrating or launching on-chain.<\/p>\n<p>VVS Finance had previously been reported as the main DeFi protocol on Cronos, but it has actually seen its TVL fall by 4.78% over the past month. Instead, the recent increase in Cronos\u2019 TVL largely comes from MM Finance, Tectonic and MM Optimizer. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/be8dcd78-80dd-45ba-a4e8-21577351bbf3.png\"><figcaption style=\"text-align: center;\"><em>Top 4 protocols by TVL on Cronos. Source: Defi Llama<\/em><\/figcaption><\/figure>\n<p>The final shoutout to blockchain networks in the Cosmos ecosystem goes to THORChain, a decentralized liquidity protocol focused on cross-chain interoperability. <\/p>\n<p>Thanks to several factors, including the recently added support for \u201csynthetic assets\u201d and its upcoming mainnet launch, activity in THORChain\u2019s ecosystem has been on the rise, with its TVL climbing from $167 million to $267.65 million between March 1\u201316. <\/p>\n<p>The total value locked on these three protocols, combined with that of the top Cosmos-based decentralized exchange, Osmosis, gives the Cosmos ecosystem a total TVL of more than $30.25 billion. This makes Cosmos the second-ranked blockchain network by TVL behind Ethereum. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Want_more_information_about_trading_and_investing_in_crypto_markets\"><\/span>Want more information about trading and investing in crypto markets?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Altcoin Roundup: DeFi token prices are down, but utility is on the rise<\/li>\n<li>ROSE gains 54% in a week as Oasis Network ecosystem expands<\/li>\n<li>Rune\u2019s upcoming mainnet launch and Terra (LUNA) integration set off a 74% rally<\/li>\n<li>3 reasons why Waves price gained 100%+ in the last week<\/li>\n<li>Interchain Accounts is the biggest upgrade to Cosmos since Stargate<\/li>\n<\/ul>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/altcoin-roundup-three-layer-1-protocols-see-inflows-amid-choppy-volatile-market-conditions\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Altcoin Roundup: Three layer-1 protocols see inflows amid choppy, volatile market conditions &#8220; Layer-1 (L1) protocols are the foundation of the decentralized application ecosystem, with the Ethereum network dominating the landscape in terms of the number of protocols launched on-chain and total value locked (TVL), followed by BNB Chain and Fantom.\u00a0 As the sideways&#8230;<\/p>\n","protected":false},"author":1,"featured_media":418239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvODFhNGEzODItZjhmNC00N2Y5LWIzMmItNDEwOTQ5MjdmYTJiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,74877,74868,74891,122378,80225,76583,73785],"class_list":["post-418238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-decentralized-exchange","tag-defi","tag-ethereum","tag-terra","tag-value","tag-waves","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/418238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=418238"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/418238\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/418239"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=418238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=418238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=418238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}