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
$ULTIMA fell 25 places this week
$LCAI -23 places this week
$NOCK -22 places this week
$FORM · 0 gem score this week
A standout this week: $NEAR reached a gem score of 77
$ATOS dropped out of the top ranks this week
76 tokens rose and 62 fell this week
Token | Price | 1d % ▲▼ | 1w % ▲▼ | 1m % ▲▼ | Market Cap ▲▼ | Volume 24h ▲▼ | Score ▲▼ | Category | Holders ▲▼ | Entropy ▲▼ | Mc/Rev ▲▼ |
|---|---|---|---|---|---|---|---|---|---|---|---|
No records found | |||||||||||
Frequently asked questions
How has Layer 1 performed recently?
The Layer 1 category has shown mixed performance over the past week, with 76 tokens experiencing an upward trend and 62 seeing a downward trend in score breadth. NEAR Protocol (NEAR) was a notable performer, achieving the highest score of 77.248 and maintaining a 7-day streak. Conversely, Form Network (FORM) registered the lowest score. Among the top climbers, Aleo (ALEO) led with a 14-rank improvement, followed by Plume (PLUME) and Cross (CROSS) with 13 and 12-rank gains respectively. On the other hand, Ultima (ULTIMA) and LightchainAI (LCAI) were significant fallers, dropping 25 and 23 ranks respectively, while SOLANA (SOL) saw the largest percentage score decrease. Avalanche (AVAX) was a top K entrant, whereas Atoshi (ATOS) exited the top K. The 30-day trends mirrored the 7-day performance precisely across all metrics, suggesting consistent activity within the category.
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.