The competition among layer-one (L1) smart contract platforms has increased in recent months as traders and developers continue to embrace Ethereum (ETH) network alternatives that offer faster transaction times and lower fees. Over the last month, the prices of the top layer-one (L1) smart contract platforms have increased by more than 200 percent. Each has launched a number of multimillion-dollar funding initiatives aimed at attracting developers, investors, and new liquidity to their ecosystems.