DePIN and Layer1 achieve steady growth

DePIN had a basically negative return rate in the first half of the first quarter, but has reversed its decline since March, with a return rate of 58.7% so far.

The best performing large-cap DePIN token is JasmyCoin (JASMY), with a 323.42% increase, followed by Arweave (AR) and Livepeer (LPT), with YTD increases of 174.07% and 116.06%, respectively.

In contrast, Helium (HNT) performed poorly and was the only large-cap DePIN token to fall by more than 50%, with a return rate of -50.94%.

DePIN is also one of the tracks that capital is betting on in this round of bull market. If the total market value of DeFi increases 10 times and the total market value of DePIN reaches half of DeFi, then the total market value of DePIN will reach US$500 billion, with at least 20 times of growth space.

The return rate of the Layer 1 (L1) track from 2024 to date is 43.0%. Although Solana (SOL) has received a lot of attention as a public chain that has given birth to many high-potential memes, with a YTD increase of 22.91%, it has fallen a lot compared to the return rate of 85.05% in mid-March.

The best performing large-cap L1 cryptocurrencies are actually Toncoin (TON) and Binance Coin (BNB), with increases of 204.72% and 86.10% respectively.

In contrast, Bitcoin (BTC) has increased by 45.06% since the beginning of the year after setting a new high, while Ethereum (ETH) has only increased by 49.65% YTD despite high expectations through ETF applications, which is comparable to BTC.

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