Polkadot Leads Old Layer-1 Rally as Hike Odds Rise

The move signals a risk-on rotation into lagging legacy infrastructure, likely driven by macro positioning rather than network-specific fundamentals. The simultaneous rise in Fed hike odds creates a counterintuitive backdrop, suggesting traders are pricing a hawkish surprise as a catalyst for capital rotation out of Bitcoin into higher-beta assets. Whether this rotation sustains depends on whether the hike expectation hardens into policy reality or fades as a headline-driven blip. The breadth across Cosmos, Decred, and Ethereum Classic points to a broad sector bid, not idiosyncratic strength, making the macro narrative the key variable to monitor.