Terra, Avalanche and Osmosis lead the L1 recovery while Bitcoin searches for support

Terra, Avalanche and Osmosis lead the L1 recovery while Bitcoin searches for support

The layer-one (L1) ecosystem has received increased attention in recent months as users search for new investment opportunities in the Cosmos (ATOM), Fantom (FTM) and NEAR. 

Following January’s market sell-off, where Bitcoin (BTC) price dropped to bottom below $34,000, much of the L1 field has struggled to regain its momentum.

Price performance of L1 tokens since Jan. 24. Source: Delphi Digital

According to data from Delphi Digital, since the BTC bottom on Jan. 24, the only L1 to experience a…


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