Are Layer 1 Blockchains Still a Good Investment?
2025-12-01
Crypto discussions often jump straight into price movements or ecosystem upgrades, but the current debate about Layer 1 blockchains cuts much deeper than market swings.
It challenges the very foundation of how value forms in this industry. The question today is whether these base networks, which support everything else in crypto, can still justify long term investment.
Two well known industry voices, Qiao Wang and Haseeb Qureshi, recently shared opposing views that reveal a major philosophical split.
Their arguments now shape how many investors think about the future of Layer 1 networks and the tokens tied to them.
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Key Takeaways
1. The value of Layer 1 networks depends on whether defensibility or large scale adoption matters more long term.
2. Some believe most blockchains can be replaced easily, which limits their investment durability.
3. Others argue early stage metrics are misleading and long term global scale could support strong valuations.
Are Layer 1 Blockchains Still a Good Investment?
The debate starts with how investors define value. Wang and Qureshi look at the same landscape but see very different futures.
Their exchange highlights two contrasting paths for Layer 1 networks, making the topic more relevant than ever for anyone evaluating blockchain coins or crypto investments.
The Case for Fragility
Wang believes that Layer 1 networks do not have the defensibility that would make them strong long term bets.
Developers can redeploy their applications quickly, users can shift to another blockchain with little trouble and the number of new networks continues to grow.
In his view, this constant movement creates a fragile environment where no chain is safe from being replaced. He describes most L1 tokens as interchangeable utilities rather than irreplaceable platforms.
What Could Break This Pattern
Wang does see one exception. When a chain controls not only its base layer but also the applications that run on it, it becomes much harder for users to leave.
This vertically unified model creates a natural barrier that many chains lack. He points to Solana, Base, Hyperliquid and some new corporate chains as examples that may eventually fit this category.
Read Also: Exploring the List of Layer 1 Blockchains: Which Ones Perform the Best?
Why Some Believe Layer 1 Networks Still Hold Strong Value
Qureshi, on the other hand, believes the market is underestimating Layer 1 potential. His argument focuses on long term exponential growth rather than near term performance.
He compares today’s blockchain environment to the early days of online commerce, where metrics looked weak until adoption reached a turning point.
Seeing Beyond Early Metrics
Qureshi argues that judging Layer 1 networks on traditional financial metrics does not capture how network effects accumulate over time.
Early revenue figures always seem small until the infrastructure becomes widely used. Once a blockchain becomes a core settlement layer for large amounts of global activity, earlier worries about fundamentals look minor in comparison.
Why Scale Still Matters
For Qureshi, the key lies in imagining what happens when these networks reach widespread mainstream use.
Even a small percentage of global economic activity settling on-chain would justify valuations far higher than what current sentiment suggests. In this view, the investment case for Layer 1 blockchains is not fading but developing.
Read Also: What is GCUL Layer 1 Blockchain by Google Cloud?
Two Views That Shape the Future of Crypto
These two viewpoints create a split with no comfortable middle ground. Wang sees a market defined by easy migration and endless competition.
Qureshi sees a future where certain blockchains become central to global finance. Both perspectives highlight different risks and opportunities for investors evaluating blockchain coins today.
What Should Investors Prioritize?
This depends on whether someone believes value comes from defensibility or scale.
Defensibility favors chains with deeper integration between the base layer and applications.
Scale favors chains that have the best chance of capturing future global activity even if they seem early now.
The debate is not really about Ethereum, Solana, Monad or any specific network. It is about how value in blockchain systems forms and what drives long term confidence.
Read Also: AI Agent Hype, The Emergence of AI Layer 1 in Crypto and Beyond
Conclusion
Layer 1 blockchains remain a central part of the crypto ecosystem, but opinions are split on whether their investment case is strengthening or fading.
Some investors worry about how easily users can move between networks, while others see long term growth that current metrics fail to capture.
These perspectives create a useful framework for deciding which chains deserve long term attention.
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FAQ
What are Layer 1 blockchains?
They are base networks like Ethereum or Solana that process transactions and support applications.
Why do some say Layer 1 networks are fragile?
Because users and developers can move to other chains with very little friction.
Why do others still believe in Layer 1 value?
They see long term adoption potentially outweighing early stage weak metrics.
Are these blockchains still good for investment?
They can be, depending on whether someone believes defensibility or scale will shape their future.
What should investors watch for?
Developer activity, user growth and how strongly each network builds its long term ecosystem.
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Disclaimer: The content of this article does not constitute financial or investment advice.





