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L1 Ecosystem Plays for 2022

Below, I have provided a list of L1 ecosystems that I am interested in for the remainder of Q4 2021 and Q1 2022, along with corresponding projects that look particularly attractive.

There are 32 projects listed across 5 L1 ecosystems and before we begin taking a look at them, I would like to highlight the fact that these have been selected primarily due to their charts, market caps and other metrics, as well as sector, as opposed to any deep fundamental analysis of the projects themselves, and that I also do not yet have a position in the majority of them.

The idea here is to put together a list of potentially promising projects based on high-performing sectors within high-performing L1 ecosystems with attractive charts, and then you are able to take a closer look at the ones that appear most interesting to you and do a deep dive if you so wish, as I will no doubt do before taking any significant positions.

Any findings I put together on the fundamental side will also be published but I wanted to get a whittled-down watchlist out as the market is moving very fast indeed at present.

Below, you will find these 32 projects, with a chart for the Dollar pair and one against the L1 ecosystem itself, as well as the sector and the current market cap. Naturally, as some projects listed here are cross-chain, I have simply picked the dominant ecosystem for that project (that isn’t Ethereum). Lastly, clearly not all of these charts are attractive yet from a speculative perspective; some still require bearish price discovery to cease and the charts to start flattening out before they look ready for entries, whilst some are at all-time highs and are awaiting a good dip before entries make sense. I have included them anyway so that you can see precisely the range of projects I am currently interested in.

Let’s crack on:

Fantom

SpookySwap

SPOOKY/USD

BOOUSD

SPOOKY/FTM

BOOFTM

Price: $26.05

Market Cap: $147.025mn

Sector: DEX

SpiritSwap

SPIRIT/USD

SPIRITUSD

SPIRIT/FTM

SPIRITFTM

Price: $0.313

Market Cap: $81.868mn

Sector: DEX

Tarot

TAROT/USD

TAROTUSD

TAROT/FTM

TAROTFTM

Price: $1.07

Market Cap: $14.105mn

Sector: DeFi

Scream

SCREAM/USD

SCREAMUSD

SCREAM/FTM

SCREAMFTM

Price: $75.57

Market Cap: $10.915mn

Sector: DeFi

Paint Swap

BRUSH/USD

BRUSHUSD

BRUSH/FTM

BRUSHFTM

Price: $0.071

Market Cap: $10.398mn

Sector: NFT Marketplace

Beethoven X

BEETS/USD

BEETSUSD

BEETS/FTM

BEETSFTM

Price: $0.57

Market Cap: $9.854m

Sector: DeFi

Coffin Finance

COFFIN/USD

COFFINUSD

COFFIN/FTM

COFFINFTM

Price: $0.61

Market Cap: $2.54mn

Sector: DeFi


Binance Smart Chain

Exeedme

XED/USD

XEDUSD

XED/BNB

XEDBNB

Price: $0.66

Market Cap: $52.314mn

Sector: Play-To-Earn

Beefy Finance

BIFI/USD

BIFIUSD

BIFI/BNB

BIFIBNB

Price: $1377.88

Market Cap: $107.468mn

Sector: DeFi

Seascape Crowns

CWS/USD

CWSUSD

CWS/BNB

CWSBNB

Price: $14.34

Market Cap: $32.506mn

Sector: Gaming

Equalizer

EQZ/USD

EQZUSD

EQZ/BNB

EQZBNB

Price: $0.53

Market Cap: $15.807mn

Sector: DeFi

BSC Station

BSCS/USD

BSCSUSD

BSCS/BNB

BSCSBNB

Price: $0.39

Market Cap: $15.204mn

Sector: DeFi / Launchpad

Starter.xyz

START/USD

STARTUSD

START/BNB

STARTBNB

Price: $8.93

Market Cap: $7.863mn

Sector: Launchpad

Mogul Productions

STARS/USD

STARSUSD

STARS/BNB

STARSBNB

Price: $0.017

Market Cap: $5.054mn

Sector: NFTs

Eleven Finance

ELE/USD

ELEUSD

ELE/BNB

ELEBNB

Price: $0.93

Market Cap: $3.522mn

Sector: DeFi

PolkaWar

PWAR/USD

PWARUSD

PWAR/BNB

PWARBNB

Price: $0.50

Market Cap: $8.85mn

Sector: Play-To-Earn

Mist

MIST/USD

MISTUSD

MIST/BNB

MISTBNB

Price: $0.17

Market Cap: $9.432mn

Sector: Gaming


Solana

Step Finance

STEP/USD

STEPUSD

STEP/SOL

Price: $0.94

Market Cap: $137.89mn

Sector: DeFi

Saber

SBR/USD

SBRUSD

SBR/SOL

SBRSOL

Price: $0.28

Market Cap: $83.431mn

Sector: DeFi

Mercurial

MER/USD

MERUSD

MER/SOL

MERSOL

Price: $0.43

Market Cap: $23.558mn

Sector: DeFi

Star Atlas / Star Atlas DAO

ATLAS/USD

ATLASUSD

ATLAS/SOL

ATLASSOL

Price: $0.145

Market Cap: $312.316mn

Sector: Gaming

POLIS/USD

POLISUSD

POLIS/SOL

POLISSOL

Price: $8.58

Market Cap: $185.436mn

Sector: Governance

Only1

LIKE/USD

LIKE/SOL

LIKESOL

Price: $0.40

Market Cap: $24.242mn

Sector: NFTs

Sunny Aggregator

SUNNY/USD

SUNNYUSD

SUNNY/SOL

SUNNYSOL

Price: $0.029

Market Cap: $7.466mn

Sector: DeFi


Cosmos

Akash Network

AKASH/USD

AKASHUSD

AKASH/ATOM

AKASHATOM

Price: $2.84

Market Cap: $328.221mn

Sector: Cloud Computing

Mirror Protocol

MIR/USD

MIRUSD

MIR/ATOM

MIRATOM

Price: $3.35

Market Cap: 380.164mn

Sector: DeFi

OraiChain Token

ORAI/USD

ORAIUSD

ORAI/ATOM

ORAIATOM

Price: $9.93

Market Cap: $22.096mn

Sector: Oracles


Avalanche

MarginSwap

MFI/USD

MFIUSD

MFI/AVAX

MFIAVAX

Price: $0.48

Market Cap: $3.371mn

Sector: DeFi

Pangolin

PNG/USD

PNGUSD

PNG/AVAX

PNGAVAX

Price: $1.60

Market Cap: $94.558mn

Sector: DEX

BENQI

QI/USD

BQIUSD

QI/AVAX

BQIAVAX

Price: $0.14

Market Cap: $111.765mn

Sector: DeFi

Defi Yield Protocol

DYP/USD

DYPUSD

DYP/AVAX

DYPAVAX

Price: $0.76

Market Cap: $12.45mn

Sector: DeFi

AVAXLauncher

AVXL/USD

AVXLUSD

AVXL/AVAX

AVXLAVAX

Price: $0.024

Market Cap: $8.622mn

Sector: Launchpad

Snowball

SNOB/USD

SNOWUSD

SNOB/AVAX

SNOWAVAX

Price: $0.86

Market Cap: $7.345mn

Sector: DeFi

 

And that concludes this post on L1 ecosystem plays for 2022.

If you have any suggestions of your own, feel free to leave them in the comments and I will be sure to take a look.

I hope you have found some value in this read!

This Post Has 3 Comments

  1. Francis O

    Hi Nik
    Thanks for this. I have a question, What are your thoughts on Algorand as L1 and its emerging ecosystem?

    1. Nik

      Hey – to be honest, I haven’t looked into the ecosystem building around ALGO – is it worth paying attention to? There are so many emerging L1s at the moment that it is difficult to spend time on them all, haha

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