🧐 The new research report from Coingecko (How have many L1s performed in 2024?), the entire L1 sector's token prices have soared over 7,000% this year.
Summarized the following points -
1, The best performing L1s this year are Mantra, AIOZ, and $SUI.
2, The top 10 L1 tokens by market capitalization have all risen, with only AVAX declining. SUI and TON are the brightest stars this year, aside from SOL.
3, The newly released L1 in 2024 has basically collapsed across the board, with declines of 30%-90%. Among them, NGL has dropped the most.
Currently, the old L1s still hold up half of the public chain market, with only #SUI emerging, while #Aptos is still making progress.
Bull markets optimize narratives, while bear markets optimize fundamentals. The rise of L1 in the last bull market was inevitable, but there’s nothing new this time; without new narratives, it’s hard to sustain the flow of speculative funds.
The only one who got on board, APT emojimeme, has deeply hurt my heart! Can anyone tell me when I can break even?
Original research report: https://www.coingecko.com/research/publications/layer-1-blockchains-price-returns?utm_campaign=Data%20Visualization&utm_source=threads&utm_medium=social
