Ethereum maintains its leading position in the L1 blockchain market with its superior Total Value Locked (TVL), continuously attracting concentrated capital and users. Its mature smart contracts and decentralized architecture deepen the ecosystem, attracting institutional participation. Although other chains have advantages in efficiency and cost, Ethereum still leads significantly in stability and application composability. Future competition will focus on performance and application scenarios.

Gate News reported that on March 16, Bitcoin L1 native smart contract platform OP_NET announced that its mainnet launch has been postponed from the originally scheduled March 17 to March 19, with wallet registration time extended by 2 days. Previously, OP_NET completed a $5 million funding round in March, led by Further.

Gate News Announcement, March 12th, Bitcoin L1 native smart contract platform OP_NET announced the completion of a $5 million funding round. This round was led by Further, with participation from ANAGRAM, Arcanum Capital, Humla Ventures, Morningstar Ventures, G20 Ventures, and UTXO

Gate News Report, March 11: According to Blockworks data, Solana has surpassed all L1 and L2 blockchains in network revenue for the second consecutive month.

Gate News Announcement, March 11, -L1 blockchain project Incentiv announced the opening of the "OG Badge" claim event for early users, with the deadline set for March 16. Users holding this badge will receive exclusive ecosystem benefits and other privileges.

Gate News Bot Message, March 09 — According to CoinMarketCap data, as of press time, NAORIS (Naoris Protocol) is trading at $0.04, up 28.49% in the past 24 hours. The highest price reached $0.04, while the lowest dropped to $0.02. The current market capitalization is approximately $23 million, an increase of $5.09 million from yesterday. Naoris Protocol is the first Sub-Zero Layer 1 blockchain, combining security layer and sovereign L1. It uses dPoSec™ consensus mechanism, Swarm AI, and quantum-resistant DePIN architecture to provide real-time trust verification for the entire decentralized ecosystem. The project completed testnet launch on January 31, 2025, and finished testnet and officially launched $NAORIS token trading on November 12. Protocol

Decentralized enterprise cloud infrastructure company Akave completed a $6.65 million funding round on March 2, with participation from multiple investment institutions. Its launched product, Akave Cloud, is built on the Avalanche L1 blockchain and aims to provide decentralized S3-compatible storage for AI applications, supporting on-chain verifiability and programmable access control, all without data egress fees.

The securities token platform Progmat incubated by MUFG has partnered with Ava Labs, planning to migrate its system to the Avalanche L1 blockchain by 2026 to enhance interoperability with Ethereum-compatible chains, while continuing to collaborate with Datachain to support token issuance and settlement on other chains.

The entire chain Rollup L1 network Initia launches its native stablecoin iUSD, supported by Agora's AUSD, and cross-chain via LayerZero. The revenue from iUSD will flow back into the ecosystem, allowing users to provide liquidity on DEX and lend or deposit into the treasury.