Layer 1
Explore Layer 1 blockchains: secure, decentralized, and scalable foundations for the crypto ecosystem.
Top gainers this week
Top losers this week
$CELL -91 places this week
$TRX +59 places this week
Up 33 places this week, $CROSS is gaining ground
Weakest this week: $Arc bottomed out at a 6 gem score
A standout this week: $NEAR reached a gem score of 80
$RIO dropped out of the top ranks this week
83 tokens rose and 33 fell this week
$ORC fell 41 places this month
Frequently asked questions
How has Layer 1 performed recently?
The Layer 1 category has seen notable activity over both 7-day and 30-day periods, with more tokens moving up than down in both windows. Over the past week, TRON (TRX) showed strong upward momentum, climbing 59 ranks with a 99.1% score percentage. Other significant climbers included Cross (CROSS), MITO, IoTeX Network (IOTX), and Imported GBYTE. Conversely, Cellframe Token (CELL) experienced a substantial drop, falling 91 ranks with a -48.7% score percentage, followed by TLOS, c8ntinuum (CTM), Orta Chain (ORTA), and LightchainAI (LCAI) which also saw declines. NEAR Protocol (NEAR) emerged as a top performer with a score of 80.0133, while Arc chain had the lowest score at 6.2197. New entrants to the top K included NEAR Protocol (NEAR), Avalanche (AVAX), and Polkadot Token (DOT), while Realio Network (RIO), Wrapped Polygon Ecosystem Token (WPOL), and Nock exited. Looking at the 30-day window, Chainflip AMM (FLIP) led the climbers, gaining 40 ranks, with 5ire Dapp Staking (5IRE), Injective Protocol (INJ), Zilliqa (ZIL), and QANX Token (QANX) also showing strong upward movement. Cellframe Token (CELL) remained a notable faller, dropping 93 ranks with a -50.9% score percentage, alongside Orbit Chain (ORC), LightchainAI (LCAI), REAL (ASSET), and Xcellar (XCL). NEAR Protocol (NEAR) again recorded the highest score, while Form Network had the lowest score at 0.0. The top K entrants were consistent with the 7-day period: NEAR Protocol (NEAR), Avalanche (AVAX), and Polkadot Token (DOT), with Realio Network (RIO), ArcBlock (ABT), and Atoshi (ATOS) exiting.
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.