The Great Protocol Retreat: Why Solana, Avalanche, and Polygon Abandoned Cross-Chain Middleware and What It Means for LayerZero
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Fear
Market Sentiment
Block reward reduced to 3.125 BTC
Block reward halving event
92 million ARB released
Circulating supply increases by about 2%
Team and early investor shares released
Raises validator limit and account abstraction
Independent validator client goes live on mainnet
Improves data availability sampling efficiency
Bitcoin Season
| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$64,475.2 |
| 1 |
Ethereum
ETH
|
$1,879.18 |
| 1 |
Solana
SOL
|
$74.68 |
| 1 |
BNB Chain
BNB
|
$569.8 |
| 1 |
XRP Ledger
XRP
|
$1.1 |
| 1 |
Dogecoin
DOGE
|
$0.0717 |
| 1 |
Cardano
ADA
|
$0.1653 |
| 1 |
Avalanche
AVAX
|
$6.78 |
| 1 |
Polkadot
DOT
|
$0.8162 |
| 1 |
Chainlink
LINK
|
$8.4 |