In the cryptocurrency world, the L1 track has always attracted much attention because it represents the underlying infrastructure of blockchain technology. The following is a detailed analysis of the four coins active on the L1 track: SUI, FTM, SEI, and NEAR:


1.ABOUT


  • Project background and vision: SUI is the native asset of the Sui blockchain. Sui is the first permissionless Layer 1 blockchain, aiming to allow creators and developers to build experiences that can satisfy 1 billion Web3 users. Its architecture is known for its instant settlement and high throughput, rich on-chain assets and excellent Web3 experience.

  • Technical Features: The design of Sui blockchain focuses on achieving high-throughput transactions and low latency, with horizontally scalable throughput and storage, which can achieve higher DApp development at a lower cost.

  • Ecological development: Sui ecosystem is developing rapidly, and there are many DApps currently, covering DeFi, wallets, NFT, social and tools, etc. As more and more applications are deployed on the Sui blockchain, the Sui ecosystem will continue to grow, which will directly drive the value growth of SUI.

  • Future Outlook: Although SUI is currently in a bear market, its long-term prospects are optimistic by some investors. With the launch of more innovative applications on the Sui blockchain, more users and developers are expected to be attracted to the Sui ecosystem. Therefore, the future of SUI is expected to grow as the ecosystem expands.

2.FTM (Phantom)

  • Project positioning: FTM is a scalable blockchain network based on Ethereum, aiming to provide a high-performance, high-security decentralized application development platform.

  • Technology upgrade: The FTM team plans to upgrade the network and launch a mainnet that is compatible with Ethereum and has higher performance to provide higher throughput and lower transaction fees. In addition, a more advanced consensus mechanism will be introduced and performance optimization will be performed.

  • Ecosystem construction: The FTM team is committed to building a complete ecosystem to attract more developers and projects to join. They will provide a wealth of development tools and support, provide developers with a more friendly development environment, and actively promote the development and promotion of DApps.

  • Future Outlook: With the advancement of network upgrades and ecosystem construction, FTM is expected to become a high-performance, secure and reliable blockchain platform. This will bring better user experience and more innovation opportunities to users and developers, thereby driving the value growth of FTM.


​3.SEI

  • Technical advantages: SEI is a general-purpose open source layer 1 blockchain that focuses on efficient trading of digital assets. It introduces a built-in order matching engine (OME) to help trading applications scale and effectively combat MEV (maximum extractable value) by preventing front-running transactions. In addition, SEI also uses innovative technologies such as parallel EVM technology and optimistic parallelization to improve performance and scalability.

  • Financing and market performance: SEI has made significant progress in technology and financing, and has successfully obtained investment and support from well-known institutions. Its token price has also experienced large increases in the short term.

  • Ecosystem Development: The ecosystem on the SEI chain is growing and developing, attracting more and more developers and projects to join. This will provide strong support for the long-term development of SEI.

  • Future Outlook: As the technology continues to mature and the ecosystem expands, SEI is expected to occupy a certain position in the field of transactional applications. However, investors should also carefully assess the risks and pay close attention to the development of the project.

4.NEAR

  • Project positioning: NEAR is a fully decentralized, community-driven Layer 1 blockchain protocol and smart contract platform. It is committed to empowering and promoting the growth of developers and creators around the world and promoting the development of open technologies.

  • Technical features: The NEAR protocol uses sharding technology, which is very developer-friendly; it has a better sharding solution than ETH2.0 and world-class engineering capabilities. Its Nightshade consensus and "big block" design enable it to act as a single blockchain to reach the scale of the Internet.

  • Ecosystem and Community: The NEAR ecosystem is expanding, supporting a large number of tools and applications to help developers easily build applications. At the same time, NEAR is also a community-driven cloud platform with strong community support and participation.

  • Future Outlook: With the further development of sharding technology and the expansion of the ecosystem, NEAR is expected to become a competitive L1 blockchain platform. Its long-term prospects are optimistic by some investors, especially before the launch of Ethereum 2.0, NEAR is expected to develop its own ecosystem and attract more users and developers.

To sum up, the four L1 currencies, SUI, FTM, SEI and NEAR, each have their own unique advantages and characteristics.

However, when we invest, we should carefully assess the risks and pay close attention to market dynamics and project development when making investment decisions. The cryptocurrency market is highly volatile and uncertain, so investors should remain rational and invest prudently.

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