Quick TakeLayer 1 blockchains often have large war chests from token sales and are capable of raising large funding rounds to compete with Ethereum, the de facto smart contract platform today.Still, catching up with existing tooling is difficult. The key infrastructure pieces being block explorers, wallets, developer tools, as well as existing (tested) smart contract code.Layer 1s are capable of attracting users via token incentives, but differentiation is getting smaller as Rollups improve Ethereum’s scalability.
