As the lowest layer of blockchain infrastructure, the Layer 1 public chain has always been an important cornerstone supporting the entire Web3 world. Whether it is processing transactions, executing smart contracts, or ensuring network security, the performance of Layer 1 will directly affect the implementation of blockchain applications. Foreign media (Crypto News Land) introduced five high-profile Layer 1 public chains in 2024. They not only have their own unique technical advantages, but also promote the technological development of different tracks.

Kaspa ($KAS)

Kaspa is a Proof of Work (PoW) Layer 1 blockchain based on Block DAG (Directed Acyclic Graph). Unlike pure DAG architectures such as IOTA, Kaspa incorporates DAG while retaining the basic architecture of the blockchain. This design allows different blocks to be generated and confirmed in parallel, further improving the throughput and execution efficiency of the network. Kaspa ($KAS) is currently trading at around $0.145, down 10.59% from the past week.

Kaspa - Market PriceChart source: TradingView Kaspa price trend

Internet Computer（$ICP）

Internet Computer is a Layer1 smart contract platform developed by the DFINITY Foundation. The core technology Chain Key allows the network to perform high-speed operations of thousands of transactions per second. The ultimate goal of Internet Computer is to create a globally accessible distributed computing environment so that Internet users no longer need to rely on traditional cloud service companies (such as Google or Amazon). At the time of writing, Internet Computer ($ICP) is trading around $8.54, down 10.34% over the past week.

Internet Computer - Market PriceSource: TradingView Internet Computer Price Trend

You are（$SIX）

Sei is a Layer1 blockchain developed based on the Cosmos SDK. It can access the liquidity of the entire Cosmos ecosystem through Cosmos IBC. In addition, Sei has supported parallel processing and sorting of EVM transactions after being upgraded to the V2 version in early July this year. This move not only optimizes its network processing efficiency and transaction fees, but also enables Sei to step outside the Cosmos ecosystem and expand its audience to EVM users.

In fact, the Sei ecosystem has exploded in recent weeks, with the total lock-up value (TVL) and on-chain perpetual contract transaction volume (Perps Volume) hitting new highs. The project with the largest contribution is the derivatives protocol based on EVM smart contracts. Vertex Edge, details can be found in (CryptoCity)’s previous weekly report. At press time, Sei (SEI) price was around $0.436, down 9.48% from the past week.

Sei - Market PriceChart source: TradingView Sei price trend

Kava（$KAVA）

Kava is also a Layer1 blockchain developed based on the Cosmos SDK, and can also communicate with the entire Cosmos ecosystem through Cosmos IBC. Kava uses a unique dual-chain architecture, one of which provides EVM-compatible DeFi services, and the other is responsible for security maintenance such as staking and governance. This design helps improve Kava’s scalability and flexibility. At the time of writing, Kava ($KAVA) price is around 0.346, down 11.14% from the past week.

Kava - Market PriceChart source: TradingView Kava price trend

ZetaChain（$ZETA）

ZetaChain is also a Layer1 blockchain developed based on the Cosmos SDK. It can also communicate with the entire Cosmos ecosystem through Cosmos IBC. What’s more special is that its chain abstraction environment and unique Threshold Signature Scheme (TSS) technology allow developers to deploy the entire chain. (Omnichain) DeFi applications can further ensure cross-chain security and high efficiency, allowing users to seamlessly execute the interoperability of DeFi protocols between Cosmos and EVM public chains (such as BNB Chain, Layer2, etc.) without relying on traditional cross-chain bridges. . This advantage enables ZetaChain to maintain a unique value proposition in the highly competitive public chain sector. At press time, ZetaChain ($ZETA) price was around $0.63, down 12.08% in the past week.

ZetaChain - Market PriceChart source: TradingView ZetaChain price trend

[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.