Over the past four years, hundreds of Layer-1 projects have emerged with the mission of becoming “Ethereum killers,” backed by billions of dollars from venture capital.

Ethereum’s share of total value locked (TVL) has slipped from 60% down to 57%

$ETH

ETH

2,109.53

+2.52%

$SOL

SOL

83.44

+0.38%

$BNB

BNB

615.08

+0.55%