Why are Layer-1 Public Chains Important?
In the crypto ecosystem, Layer-1 (public chains) form the foundation of the entire blockchain world. They are responsible for transaction execution, data recording, and network security, directly affecting the stability of the entire ecosystem. As Ethereum transitions to proof of stake (PoS) and environmentally friendly blockchains rise, Layer-2 and Layer-3 solutions have emerged, but the core position of Layer-1 public chains remains unshakable.
Layer-1 public chains have independent consensus mechanisms and security models, excelling in decentralization, security, and transaction transparency. They are the cornerstone of the entire crypto world—able to execute transactions and smart contracts without relying on external systems, supporting native tokens for fees, staking, and governance, and being widely integrated into various systems. Even if Layer-2 solutions can alleviate congestion, ultimately, they still depend on Layer-1 public chains for transaction settlement and security.
Top Performing Layer-1 Public Chains of the Year