**Layer-1 Assets Soar on Crypto-Friendly Policy Expectations**

- Expectations for a crypto-friendly regulatory environment under the new US administration of President Donald Trump have had a positive effect on the market. Layer-1 blockchain native assets such as XRP, TRX, TON, SOL, ADA all recorded significant gains.

- Ripple’s XRP surged more than 120% to $1.40, surpassing the $1 mark for the first time in three years. The growth was partly due to the news of SEC Chairman Gary Gensler’s resignation, which could ease concerns for Ripple.

- Tron’s TRX also hit a record high of $0.20, up nearly 10% on the week. Trading activity on the Tron network surged thanks to the use of Tether (USDT).

- Toncoin surged 39% thanks to high activity and stablecoin liquidity on The Open Network. The number of daily active addresses on the network has increased significantly.

- SOL hit a record high of $263, while ADA increased by 160% compared to March 2024 levels.

- CryptoQuant recorded a sharp increase in daily trading volume, reaching a yearly high on November 11. 🚀