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
$UBX fell 54 places this week
$FUSE climbed 48 places this week
Up 44 places this week, $NES is gaining ground
A standout this week: $NEAR reached a gem score of 81
49 tokens rose and 67 fell this week
$XCCX -42 places this month
Frequently asked questions
How has Layer 1 performed recently?
The Layer 1 category has seen mixed activity, with more tokens moving down than up over the past 7 days (67 down vs. 49 up), but a bullish reversal over the past 30 days (34 down vs. 82 up). FUSE has been a notable climber in both periods, ranking among the top 5 with a 52.8% score increase in 7 days and an impressive 306.6% increase over 30 days. Other 7-day climbers include NES, Chroma, CNPY, and Moonbeam. Over 30 days, ALEO, TLOS, 0G, and KAVA also showed strong upward movement. UBX consistently led the fallers in both periods, experiencing a -47.5% score decline over 7 days and -40.8% over 30 days. Other significant fallers include Ultima, Terminus, Orbit Chain, and ArcBlock in the 7-day window. NEAR Protocol stands out with the highest score of 81.3655 and a 7-day and 15-day streak leader. NEAR Protocol also entered the top K over the past 30 days, alongside Avalanche, while Wrapped Polygon Ecosystem Token and Realio Network exited the top K.
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.