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First Mover Asia: Tough Week for Layer 1 as Solana, BNB Chain Suffer Outages; Bitcoin Trades Flat as October Doldrums Continue

The problems both protocols suffered are reminders that neither is really decentralized, and that they are not yet true challengers to Ethereum; ether and other altcoins trade sideways.

Two Layer 1 protocols had a difficult week. (Ivana Cajina/Unsplash)
Two Layer 1 protocols had a difficult week. (Ivana Cajina/Unsplash)