Market cap down 30%, user outflow, and a trust crisis: what Layer-1 & 2 executives are sayingThe current stage of the bear market began in Q1 or Q2 2022. The downtrend was originally predicted to end between November and December 2022, but the market kept falling because of the FTX collapse. In a recently published study, the top executives of crypto projects named infrastructural projects as the safest for investors having the biggest growth potential at the moment.
The core of this group of projects are Layer-1 and Layer-2 chains, as well as bridges. At the end of December, the total capitalization of these 3 areas is $47.3 billion. L1-solutions account for 80%, while L2-projects and Bridge-solutions together account for up to 20%.
In order to understand the sentiment in the infrastructural niche, we conducted a series of interviews with their executives and analyzed the publicly available data on the subject.
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