Layer 1 (L1) tokens form the backbone of blockchain ecosystems, enabling decentralized applications, smart contracts, and secure transactions. This guide ranks the top L1 tokens by market capitalization, providing insights into their performance, use cases, and market trends.
Market Overview
The total cryptocurrency market cap stands at €2.38 trillion, with Layer 1 projects dominating a significant share. Key metrics:
- 24h Trading Volume: €68.78 billion (+14.21%)
- Market Sentiment: Neutral (1.22% overall growth)
Top 10 Layer 1 Tokens (Ranked by Market Cap)
| # | Token | Symbol | Price (EUR) | 24h % | 7d % | Market Cap (EUR) | 24h Volume (EUR) |
|---|---|---|---|---|---|---|---|
| 1 | Bitcoin | BTC | €92,467.22 | +0.41% | +1.45% | €1.84T | €40.96B |
| 2 | Ethereum | ETH | €2,161.55 | +1.90% | +3.80% | €260.93B | €16.20B |
| 5 | BNB | BNB | €557.82 | +0.56% | +1.44% | €78.59B | €1.26B |
| 6 | Solana | SOL | €127.43 | +3.42% | +5.63% | €68.14B | €3.31B |
| 8 | TRON | TRX | €0.2426 | +0.78% | +4.84% | €23.00B | €346.75M |
| 10 | Cardano | ADA | €0.4910 | +4.97% | +3.78% | €17.37B | €594.69M |
| 11 | Hyperliquid | HYPE | €32.81 | +4.98% | +5.87% | €10.96B | €195.28M |
| 12 | Sui | SUI | €2.48 | +4.24% | +10.31% | €8.59B | €954.30M |
| 13 | Bitcoin Cash | BCH | €407.28 | +4.81% | +4.33% | €8.10B | €366.83M |
| 16 | Avalanche | AVAX | €15.40 | +4.63% | +3.36% | €6.50B | €288.93M |
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Key Trends in Layer 1 Ecosystems
- Scalability Solutions: Projects like Solana and Avalanche focus on high throughput.
- Modular Blockchains: Ethereum’s roadmap emphasizes rollups for scaling.
- Interoperability: Chains like Polkadot and Cosmos enable cross-chain communication.
FAQ Section
What defines a Layer 1 blockchain?
Layer 1 refers to base protocols (e.g., Bitcoin, Ethereum) that validate transactions natively without relying on other networks.
How do Layer 1 tokens gain value?
- Network usage (transaction fees)
- Staking rewards
- Scarcity (e.g., Bitcoin’s 21M cap)
- Ecosystem growth (developer activity)
Which L1 has the lowest transaction fees?
👉 Compare fee structures across networks
Are newer L1s better than Ethereum?
Newer chains often offer higher speed but may lack Ethereum’s security and decentralization.
Emerging Layer 1 Projects
Watchlist:
- Berachain (BERA): €1.67 | +12% weekly
- Saga (SAGA): €0.21 | Debuting Q3 2024
- Initia (INIT): €0.42 | Multi-chain VM
Conclusion
Layer 1 tokens remain pivotal in crypto’s infrastructure race. Investors should assess:
- Technical whitepapers
- Developer communities
- Adoption metrics
For live tracking tools: 👉 Explore advanced analytics
Data updated hourly. Includes 132 tokens across 2 pages.
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