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    Home»Crypto»Cryptocurrency Market Analyst Gives Shocking Ranking of Top Layer 1 Networks
    Crypto

    Cryptocurrency Market Analyst Gives Shocking Ranking of Top Layer 1 Networks

    ElcioBy ElcioJuly 5, 2024No Comments3 Mins Read0 Views
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    Jamie Coutts, Chief Crypto Analyst Cryptocurrency company Real VisionNewest rating Layer 1 network Leverage their on-line progress. Curiously, the community that tops the listing is just not a typical identify that members of the cryptocurrency neighborhood could also be used to.

    SUI and Mantle Community prime the listing

    In response to Coutts’ listing shared On his X (previously Twitter) platform, Sui Dynasty Letters Over the previous three months, these blockchains have ranked first and second respectively when it comes to day by day lively consumer (DAU) progress. Throughout this era, SUI Community’s DAU grew by 3503%, whereas Mantle grew by 518%.

    Haste, Will and Impact Finishing the highest 5 rankings, their 3-month DAU progress was 414%, 157% and 107% respectively. The Open Community (TON) has definitely had a powerful 12 months, rating sixth with 97% progress. Contemplating that TON’s six-month DAU grew by 1,346%, its community progress seems to have declined up to now three months.

    on the similar time, Ethereum Layer 2 Network Basics Additionally on the listing, trailing TON with a 3-month DAU progress of 78.6%. The expansion of the Base community is basically on account of its rising meme coin ecosystem, with many meme coin merchants flocking to the community to earn vital income from these crypto tokens.

    Close to, Tron and Polygon are among the many prime ten, rating after Base, with 3-month DAU progress charges of 37.9%, 31.2% and 30.6% respectively. MultiversX and Fantom are the one different networks to have skilled vital progress over the previous three months.

    Curiously, the highest networks by market capitalization, together with Bitcoin, Ethereum, BNB Chain, Solana, and Cardano, have all seen a decline within the variety of day by day lively customers over the previous three months. BNB chain Among the many most vital networks, the largest decline was seen, with day by day lively customers rising by -28.6%.

    Solana’s three-month decline in day by day lively customers could also be shocking given the bustling meme coin ecosystem on the internet. Nonetheless, 6-month DAU paints a greater image SolanaThroughout this era, the community’s day by day lively customers grew a powerful 124.9%.

    cryptocurrency market
    Supply:X

    Bullish indicators for all cryptocurrencies

    No matter how these blockchains rank, this indicator paints a bullish image for blockchain Wider crypto ecosystem. Coutts famous that the overall variety of day by day lively customers on these networks elevated by 20% throughout this era, to 12.8 million. The analyst additional highlighted how this consumer acquisition will positive influence The worth of the community’s native token.

    Cryptocurrency Market 2
    Supply:X

    On the similar time, Coutts expects encrypted network By the tip of the 12 months, the overall variety of day by day lively customers will attain 20 million. This once more is bullish as a result of these new customers can carry new money Enter the crypto ecosystem, which can assist push costs increased.

    SUI price chart from Tradingview.com (Encrypted Layer 1 Network)
    SUI Worth Drops to $0.64 | Supply: SUIUSDT is Tradingview.com

    Featured picture created utilizing Dall.E, chart from Tradingview.com

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