Layer 1
Explore Layer 1 blockchains: secure, decentralized, and scalable foundations for the crypto ecosystem.
Top gainers this week
Top losers this week
$UBX fell 76 places this week
$TRX +74 places this week
$GBYTE +46 places this week
Weakest this week: $CAIRN bottomed out at a 7 gem score
A standout this week: $RIO reached a gem score of 77
$RIO dropped out of the top ranks this week
59 tokens rose and 56 fell this week
$ALPH +79 places this month
Frequently asked questions
How has Layer 1 performed recently?
The Layer 1 category has seen strong upward breadth over the past 30 days, with 74 tokens increasing in rank compared to 39 falling. This positive trend is also visible in the 7-day window, showing 64 tokens up versus 49 down. Realio Network (RIO) has been a standout performer, leading streaks for both 7 and 30 days and holding the highest score extremes in both periods. Chainflip AMM (FLIP) was the top 30-day climber, rising 56 ranks, while 5ire Dapp Staking (5IRE) climbed 55 ranks. Notable fallers include TRON (TRX), which experienced significant rank drops over both 7 and 30 days, with one instance of TRON (TRX) dropping 83 ranks over 30 days. Nock (NOCK) was a new entrant into the top K in both periods, and Wrapped Polygon Ecosystem Token (WPOL) entered the top K over 30 days, while AIOZ Network (AIOZ) and Plume (PLUME) exited the top K over 7 and 30 days respectively. Form Network (FORM) recorded the lowest score extreme 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.