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Metaverse, Meme Coins, and Layer 1s: The High Performers
With an 89.78% increase last month, metaverse and gaming tokens were the leaders. Leading crypto data supplier CCData attributes this phenomenal rise to new product launches, major collaborations, and a resurgence of interest in blockchain-based game initiatives.
Another notable area was meme tokens, which had a staggering 99.32% increase due to intense speculation and social media hype. The top-performing assets in the industry were BONK (+154.41%) and PEPE (+132.81%), whose growth was directly linked to activity on Ethereum and Solana.
Additionally, layer 1 projects achieved notable advancements, with a total increase of +84.86%. Among them, the Dione Protocol (DIONE) had a meteoric rise of 5899.08% due to the support of institutions and the expansion of its ecosystem. After that, Algorand (ALGO) and Hedera (HBAR) both had increases of 432 and 439 percent, respectively.
Layer 2s, DeFi, and Staking Tokens Make Consistent Progress
With a rise of 65.63 percent, Layer 2 tokens continued their tremendous trend. Leading the pack was Hypr Network (HYPR), which increased by 202.02%; following closely behind were LightLink (LL), which increased by 121.58%, and Loopring (LRC), which increased by 105.17%, both of which demonstrate the increasing use of scaling solutions.
Confidence in lending and trading protocols was the main driver of the 58.44% increase in the decentralized finance (DeFi) industry.
Staking tokens also had a significant gain of +55.08%, driven by factors like as greater returns and growing demand for proof-of-stake platforms.
Exchange Tokens, RWA, and AI Provide Moderate Gains.
The most notable increase in exchange token value was +59.62% for Crypto.com's CRO, which surged 165.89% as the platform gained a larger proportion of the market, especially for USD trading pairings.
A more moderate +36.62% rise was recorded by the Real-World Asset (RWA) sector, driven by the slow but steady adoption of tokenized commodities and real estate.
#BSCOnTheRise #AIAndGameFiBoom #ETHOnTheRise
With an 89.78% increase last month, metaverse and gaming tokens were the leaders. Leading crypto data supplier CCData attributes this phenomenal rise to new product launches, major collaborations, and a resurgence of interest in blockchain-based game initiatives.
Another notable area was meme tokens, which had a staggering 99.32% increase due to intense speculation and social media hype. The top-performing assets in the industry were BONK (+154.41%) and PEPE (+132.81%), whose growth was directly linked to activity on Ethereum and Solana.
Additionally, layer 1 projects achieved notable advancements, with a total increase of +84.86%. Among them, the Dione Protocol (DIONE) had a meteoric rise of 5899.08% due to the support of institutions and the expansion of its ecosystem. After that, Algorand (ALGO) and Hedera (HBAR) both had increases of 432 and 439 percent, respectively.
Layer 2s, DeFi, and Staking Tokens Make Consistent Progress
With a rise of 65.63 percent, Layer 2 tokens continued their tremendous trend. Leading the pack was Hypr Network (HYPR), which increased by 202.02%; following closely behind were LightLink (LL), which increased by 121.58%, and Loopring (LRC), which increased by 105.17%, both of which demonstrate the increasing use of scaling solutions.
Confidence in lending and trading protocols was the main driver of the 58.44% increase in the decentralized finance (DeFi) industry.
Staking tokens also had a significant gain of +55.08%, driven by factors like as greater returns and growing demand for proof-of-stake platforms.
Exchange Tokens, RWA, and AI Provide Moderate Gains.
The most notable increase in exchange token value was +59.62% for Crypto.com's CRO, which surged 165.89% as the platform gained a larger proportion of the market, especially for USD trading pairings.
A more moderate +36.62% rise was recorded by the Real-World Asset (RWA) sector, driven by the slow but steady adoption of tokenized commodities and real estate.
#BSCOnTheRise #AIAndGameFiBoom #ETHOnTheRise
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