EVM-Chains in the Bear Market

The current bear market provides an opportunity to see how user activity has held up across platform chains without incentives. Ethereum, BNB Smart Chain, and Polygon have healthier ecosystems with relatively higher user and capital retention rates even in the bear market. Near Protocol’s Aurora has seen the largest fall in user activity but is most aggressively priced for growth. Fantom has seen the largest fall in total value locked and revenue from the bull market highs and is priced the most conservatively among its peers.

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