Layer 1
Explore Layer 1 blockchains: secure, decentralized, and scalable foundations for the crypto ecosystem.
Top gainers this week
Top losers this week
$NEAR · 7 days on top this week
$DIAM climbed 53 places this week
Down 25 places this week, $MOVE is losing steam
$INJ -22 places this week
A standout this week: $NEAR reached a gem score of 83
64 tokens rose and 54 fell this week
Up 64 places this month, $CRO is gaining ground
Frequently asked questions
How has Layer 1 performed recently?
The Layer 1 category has seen notable activity over the past 30 days, with 84 tokens showing upward momentum compared to 33 trending downwards. NEAR Protocol (NEAR) stands out, leading in both 7-day and 30-day streaks and holding the highest score of 82.5037 over both periods. IoTeX Network (IOTX) demonstrated strong upward movement, climbing 60 ranks in both the 7-day and 30-day windows, with a 30-day score percentage change of 150.3%. Other significant climbers over 30 days include Yellow (YELLOW) and UBX, with rank increases of 62 and 45 respectively. Conversely, MITO and Ultima (ULTIMA) were significant fallers, dropping 62 and 50 ranks respectively over the 30-day period. Lattice (LATT) recorded the lowest score at 7.8618 over 30 days.
What defines a Layer 1 blockchain?
A Layer 1 blockchain is a base network that processes and finalizes transactions on its own independent chain. It is the fundamental infrastructure upon which decentralized applications and other layers are built.
What are the core characteristics of Layer 1 blockchains?
Layer 1 blockchains are typically characterized by their ability to achieve decentralization, security, and scalability. They implement their own consensus mechanisms, such as Proof-of-Work or Proof-of-Stake, to validate transactions and secure the network.
Why are Layer 1 blockchains important for the cryptocurrency ecosystem?
Layer 1 blockchains are crucial because they provide the foundational security and infrastructure for the entire ecosystem. They enable the creation and execution of smart contracts, host various decentralized applications, and support the issuance of other tokens.
What challenges do Layer 1 blockchains face?
Layer 1 blockchains often grapple with the 'blockchain trilemma,' a challenge in simultaneously optimizing decentralization, security, and scalability. Enhancing one aspect can sometimes lead to trade-offs in the others, leading to ongoing development and innovation to improve performance.