CandleFocus L1 Tokens Post 7,000% Growth in 2024, Led by Mantra, AIOZ, and SUI
2024-11-30
Author: Content Editor
A report from CoinGecko indicates that Layer 1 (L1) tokens have experienced significant price increases in 2024, with some recording gains of up to 7,000%. Mantra (OM), AIOZ Network (AIOZ), and Sui Network (SUI) are identified as the top-performing L1 cryptocurrencies this year. The report attributes the price surges to Donald Trump's U.S. presidential victory. Mantra (OM) has seen the highest increase of 7,035.2% YTD due to its partnership with Zand, a UAE-based digital bank, and rising institutional interest in real-world assets. AIOZ Network (AIOZ) has seen a 427.6% YTD increase, supported by growing adoption of its decentralized content delivery network. Sui Network (SUI) has experienced a 388.2% YTD increase, thanks to innovative dApps focused on scalability and a recent announcement of a Bitcoin staking feature.
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