Investors Consider Polkadot an Alternative Layer 1 Competing With Ethereum

  • Many investors have categorized Polkadot as an alternative layer 1 competing with Ethereum, rather than as a layer 0, analysts led by David Duong wrote. Polkadot’s token DOT market capitalization as a percentage of ether’s (ETH) has been in constant decline since the start of November 2021, Coinbase said in a report dated June 2.