Helius CEO Mert Mumtaz has expressed his admiration for the impressive expansion tests of Aptos, predicting a revival of Layer 1 (L1) next year. He anticipates Solana to lead the way, followed by Avalanche, Sui, Aptos, Near, Fantom, Monad, and Bera. Mumtaz believes that modular teams and other L1 projects have a substantial amount of financial reserves, which will be crucial in driving innovation and growth in the ecosystem.

Mumtaz's prediction of a revival of L1 in 2024 is based on his observation of the impressive expansion tests of Aptos. He believes that the infrastructure is not yet ready and may require another 'cycle' before it can support the growth and adoption of L1 projects. Despite his desire to see useful crypto applications, Mumtaz is optimistic about the potential of L1 projects to drive innovation and growth in the ecosystem.

The competition to attract talent into the ecosystem is just beginning, and Mumtaz believes that the modular teams and other L1 projects have a substantial amount of financial reserves to support their growth and development. He anticipates that Solana will lead the way, followed by Avalanche, Sui, Aptos, Near, Fantom, Monad, and Bera. Mumtaz's prediction is based on his observation of the impressive expansion tests of Aptos and his belief that the infrastructure is not yet ready to support the growth and adoption of L1 projects.

Mumtaz's prediction of a revival of L1 in 2024 is a significant development in the blockchain space, highlighting the potential for growth and innovation in the ecosystem. The competition to attract talent into the ecosystem is just beginning, and Mumtaz believes that the modular teams and other L1 projects have a substantial amount of financial reserves to support their growth and development.

In conclusion, Helius CEO Mert Mumtaz's prediction of a revival of L1 in 2024 is based on his observation of the impressive expansion tests of Aptos and his belief that the infrastructure is not yet ready to support the growth and adoption of L1 projects. He anticipates Solana to lead the way, followed by Avalanche, Sui, Aptos, Near, Fantom, Monad, and Bera. Mumtaz's prediction is a significant development in the blockchain space, highlighting the potential for growth and innovation in the ecosystem.