Layer 1's always pump the hardest, shiny new tech that grabs the attention. However, you still have to pick the right ones for success. These are my personal favorites from a Risk/Reward perspective.
Lets start right ahead 👇
First of all, its important to note that this list is only about "pure" L1 projects and not product focussed L1's like $DNX & $OCTA for example.
Those are already featured in my lists about their respective narratives like DePIN, AI, RWA etc.But lets get into why these projects are on here:
🏆Kaspa [ $KAS ]🏆
Kaspa is the fastest, open-source, decentralized & fully scalable Layer-1 in the world.
Strengths: 💪
🔹first blockdag instead of a blockchain
🔹solves the blockchain & money trilemma
🔹OG founder one of the brightest minds in crypto (possibly satoshi himself or connections to him atleast)
🔹8+ years of research
🔹fair launch, no dev allocation
🔹100% decentralised
🔹fastest PoW in the world
🔹just broke world records for PoW chains during the KRC-20 launch
🔹1 BPS (soon 10 BPS) with up to 1000 TPS
Circulating Supply: 86% 📈
Market Cap: $4.2B 📊
The king of all layer 1's and literally the best investment this cycle and perhaps even the entire decade.
🥈 Alephium [ $ALPH ] 🥈
On Alephium innovative sharding meets expressive sUTXO and efficient Proof-of-Less-Work to secure scalable dApps for real world use cases.
Strengths: 💪
🔹Proof-of-Less-Work
🔹sharding with sUTXO
🔹second highest TVL of all PoW coins
🔹every transaction incurs a 100% fee burn
🔹Alphred: Alephiums custom virtual machine (VM)
🔹dedicated programming language Ralph
Circulating Supply: 8.7% 📈
Market Cap: $145M 📊
I see Alephium as the runner up to Kaspa, probably higher price potential this cycle but also definitly higher risk.
🥉 Spacemesh [ $SMH ] 🥉
Spacemesh is on a quest to become the people’s coin; user friendly, financially fair, environmentally sound, and totally permissionless L1.
Strengths: 💪
🔹most nodes out of any chain
🔹5+ years of research
🔹dev that built the Ethereum-VM (Lane Rettig) now working on Athena VM
🔹T1 VC backers
🔹Proof of Spacetime significantly reduces energy costs
Circulating Supply: 2.6% 📈
Market Cap: $28M 📊
SMH has been suffering because it doesn't have the best tokenomics but at these prices I think R/R is fantastic as the VCs behind this will definitly want their moneys worth and pump this thing.
These are my top 3 picks.
Lets get to the honarable mentions (no order):
💐 Trias [ $TRIAS ] 💐
Trias has just launched their NetX Layer 1 mainnet and therefore the "ETH of asia" now qualifies for this list.
Circulating Supply: 100% 📈
Market Cap: $43M 📊
A very solid pick with a great community.
💐 Zano [ $ZANO ] 💐
Zano is a next-generation cryptocurrency with enterprise-grade privacy, security, and scalability from the creator of the original CryptoNote codebase.
Circulating Supply: 14M ZANO 📈
Market Cap: $74M 📊
A very promising project in the privacy narrative.
💐 Xelis [ $XEL ] 💐
Xelis is an innovative cryptocurrency with BlockDAG and Homomorphic Encryption and a work in progress Smart Contracts L1 platform.
Circulating Supply: 6% 📈
Market Cap: $9M 📊
A very complete blockdag for the marketcap, very promising but emissions are stull high because its early days.
💐 Injective [ $INJ ] 💐
The blockchain built for finance and to build and use the best Web3 applications.
Circulating Supply: 98% 📈
Market Cap: $1.8B 📊
A very safe pick, VCs have pumped it so far and will probably continue to do so.
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