Layer by Layer Issue 7: Update on Solana, Binance Smart Chain, Cosmos, Terra, and Arweave

Over the past several weeks, layer 1 blockchains aside from market leader Ethereum have seen surging interest as teams continue to release new incentives and infrastructure tooling to attract users and developers to their ecosystem. Just in the past month, six layer 1 blockchain foundations announced incentive programs of at least $100M. 

These programs all vary slightly in their incentive structure and specific targets, but most of them have the general goal of bringing DeFi platforms to their ecosystems or facilitating the inbound flow of capital in some way. Some programs like the Avalanche Rush program aim to primarily offer liquidity incentives in collaboration with DeFi protocols to attract users and liquidity providers, while others like the Algorand Viridis DeFi fund are allocating funds to build out infrastructure like oracle solutions and cross-chain bridges as well.