Layer 1

Definition:

Layer 1 refers to the main layer of a blockchain. Ethereum, Solana and Avalanche are all Layer 1 tokens. Layer 1 blockchains all battle with what @Vitalik called the blockchain trilemma – balancing decentralization, scalability and security.

Degen Chat

“Late 2021 was the era of the rise of alt L1s, @solana and @avalanche leading the charge.”