CandleFocus 2024’s top performing layer 1 networks: CoinGecko report
2024-12-04
Author: Content Editor
Blockchain analytics platform Coingecko has released an insight into the performance of Layer 1 (L1) tokens, revealing that they have surged by over 7,000% since January. The report attributes this growth to renewed enthusiasm in the crypto market following the US elections. The analysis also highlights the rise and fall of newly launched coins, with some experiencing significant price increases, including Peanut the Squirrel (PNUT), which rose over 5,000%. Coingecko's research shows that the demand for L1 blockchains has grown alongside the popularity of decentralized applications (dApps) and smart contracts. The report also highlights the top performers and losers among Layer 1 coins.
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