CoinGecko: Layer-1 Tokens Grew 7,000%
in 2024
Data from analytics firm CoinGecko shows that Layer-1 native tokens grew by
7,000% in 2024. While major projects like Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum recorded
significant gains, other tokens saw notable growth in niche markets.
However, with Layer-2 projects rising in popularity, newly launched L1s faced
an extremely competitive and harsh environment.
Layer-1 Tokens Surge in 2024
CoinGecko, a leading blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн analytics firm , just posted a dramatic update
on the 2024 crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. Layer-1 blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн tokens have surged by over 7000%
since January 2024, with several unexpected candidates growing fastest. The
firm pointed to several trends, but Trump s election victory further
fueled the rally, sparking a broader bull market.
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The cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market in 2024 went vertical, encouraged by Trump’s
election victory. The demand for L1 solutions has surged with
competition picking up between L1 blockchains to claim the top spot. However,
they face stiff competition from Layer-2 solutions, which aim to improve
transaction speeds at a fraction of the costs, CoinGecko claimed.
CoinGecko data showed that the classic examples (Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum, Solana ,
etc) led in market cap, but some dark horse candidates overtook them in
percentage growth. The biggest Layer-1 blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн projects obviously hold a
significant lead in many crucial areas; for example, the CEO of analytics firm
CryptoQuant claimed Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin could be a global currency by 2030 .
Still, these advantages are not necessarily insurmountable. Although Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
came perilously close to $100,000 last week, it never achieved this milestone.
CryptoQuant data claimed that this blunted momentum could significantly delay
this price point, thanks to overwhelming market greed. Some assets, however,
are benefiting from different advantages. Best Performing Layer-1 Coins.
Source: CoinGecko
Mantra (OM) recently reached an all-time high , emerging as a standout
performer. CoinGecko attributed OM’s success to a partnership that connected
it with the expanding RWA tokenization market . Similarly, AIOZ saw steady
growth, supported by its content delivery network• Телекоммуникации и связь » Компьютерная сеть » Content Delivery Network. CoinGecko also noted the
rapid expansion of Layer-2 networks• Телекоммуникации и связь » Компьютерная сеть in this sector.
Despite this, CryptoQuant highlighted the intense competition in the Layer-1
blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн market. Their analysis showed that most Layer-1 projects launched
this year experienced significant losses. While established Layer-1 protocols
benefit from their existing presence, the rising Layer-2 market makes it
increasingly challenging for new protocols to succeed.
Top crypto platforms | November 2024
ChainGPT Explore
BYDFi No KYC
Margex Explore
Сoinex Explore
Top crypto platforms | November 2024
ChainGPT Explore
BYDFi No KYC
Margex Explore
Сoinex Explore
Top crypto platforms | November 2024
ChainGPT
BYDFi
Margex
Сoinex
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