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
$FUSE -46 places this week
$UBX +42 places this week
$VLX climbed 42 places this week
A standout this week: $NEAR reached a gem score of 81
82 tokens rose and 37 fell this week
$MITO climbed 53 places this month
Frequently asked questions
How has Layer 1 performed recently?
The Layer 1 category shows strong positive momentum, with 82 tokens trending up compared to 37 down over both 7-day and 30-day periods. NEAR Protocol (NEAR) is a standout performer, achieving the highest score of 81.3533 over 7 days and an almost identical 81.3655 over 30 days, while also leading streaks for both durations (7 days and 22 days respectively). Over the past week, UBX, Velas (VLX), and COTI Token (both ETH and BSC versions) were notable climbers. Injective (INJ) showed impressive upward movement, climbing in rank over both 7-day and 30-day windows. Conversely, Fuse (FUSE) experienced the largest rank delta drop over 7 days, and Orbit Chain (ORC), Elixir (ELX), and UBX were among the biggest fallers over the last 30 days. Wrapped Polygon Ecosystem Token (WPOL), AIOZ Network (AIOZ), and Realio Network (RIO) exited the top K over 30 days, while NEAR Protocol (NEAR), Avalanche (AVAX), and another token named NEAR entered. MITO and Aleo (ALEO) were significant climbers over the 30-day period.
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.