What is the best layer 1 crypto?
Solana is the best layer 1 crypto project for long-term investors. The key question being asked by analysts is whether Solana will ever take a significant market share from Ethereum. According to CoinMarketCap data, there are just 218 cryptocurrencies in the Solana ecosystem. In contrast, Ethereum has many thousands.
Ethereum, often referred to as the "world computer" of blockchain technology, is one of the most influential and significant Layer 1 blockchains in the decentralized ecosystem. In 2024, Ethereum stands out with its transition to Ethereum 2.0, a major upgrade aiming to address scalability and sustainability challenges.
Simply put, CGPT seems poised to rise with the tide if AI keeps gaining steam as predicted, given its array of crypto-focused AI features. If appropriately executed, its solid tech and real-world usage could propel its valuation much higher in 2024 and beyond.
Injective's advantage as the fastest L1 built for the financial industry directly addresses the need for speed. Its high-performance infrastructure provides sub-second block times, allowing for fast transaction processing and confirmation.
| Coin | Market Capitalization | Current Price (As of 23rd Feb) |
|---|---|---|
| Tron (TRX) | $12.2 Billion | $0.1389 |
| Polkadot (DOT) | $9.5 Billion | $7.42 |
| Cosmos (ATOM) | $3.8 Billion | $9.82 |
| Maker (MKR) | $1.85 Billion | $2,009.80 |
Ethereum (ETH): The Most Popular Layer 1 Blockchain With dApp Developers. Ethereum is the most popular layer 1 crypto project with decentralized application (dApp) developers. Although most are inactive, there are hundreds of thousands of secondary tokens on the Ethereum network.
"The most powerful cryptocurrencies in 2025 will be layer ones, such as Cardano, Solana, Polygon, Matic, and Polka Dot." Despite challenges in the US, cryptocurrencies are consistently growing their use cases globally, highlighting the potential for widespread adoption in the future. 0 people tipped the creator.
Solana (SOL)
By late February 2024, its price was around $108.77, a gain of 14,026%.
| BNB-USD | Binance Coin | $272.16 |
|---|---|---|
| SOL-USD | Solana | $30.70 |
| ETH-USD | Ethereum | $1,296 |
List of Layer 1 Blockchains (L1s) Discover 36 Layer 1 Blockchains (L1s) across the most popular web3 ecosystems with Alchemy's Dapp Store. Also explore related collections including Layer 1 Blockchains (L1s), Sidechains, Testnets. Is your project missing from the list?
What is the most powerful blockchain?
Ethereum is a platform that has been around for a while, is well-known, and is rightfully regarded as the greatest blockchain development platform. It is currently one of the most popular and quickly expanding networks among developers.
The top 10 Layer-1 blockchains are Ethereum, Tron, BSC, Polygon, Avalanche, Solana, Cronos, Bitcoin, Cardano, and Kava. The Layer-1 blockchains launched from October 2022 - October 2023 are Aptos, SUI, Pulsechain, Tenet, SEI, and Celestia.
Metis layer-2 transaction cost is around 1 cent, which makes it the cheapest Layer 2 in the space." Layer 2 is a technology that's built on top of blockchains.
A Layer 1 blockchain is the base architecture for a decentralized cryptocurrency network. Examples of Layer 1 blockchains include Bitcoin, Ethereum, and Cardano.
Polygon (MATIC): Formerly known as Matic Network, Polygon is a Layer 2 scaling solution for Ethereum. It aims to enhance scalability by utilizing sidechains and other technologies, providing faster and cheaper transactions.
| AZERO-USD | Aleph Zero | $1.06 |
|---|---|---|
| RNDR-USD | Render Token | $2.67 |
| XRP-USD | Ripple/XRP | $0.45 |
Bitcoin (BTC)
Bitcoin is the original cryptocurrency and is still the most popular and widely accepted cryptocurrency. It has a strong track record of growth and is expected to continue to grow in the years to come. Some experts believe that Bitcoin could reach $100,000 by 2024.
| Name | Price | Change |
|---|---|---|
| PHA Phala Network | 14.554 | 1.954 |
| TKO Toko Token | 42.510 | 5.514 |
| FET Fetch.AI | 125.000 | 16.000 |
| COS Contentos | 0.6340 | 0.0785 |
Hedera is an EVM-compatible Layer1 blockchain with hashgraph consensus, offering fast transactions and low fees. Decentralized governance, high throughput (10,000+ TPS), and rapid finality set Hedera apart.
Is Polkadot a Layer 1? No, Polkadot is not a layer 1 blockchain. Polkadot is considered a layer 0 blockchain because it serves as a “metaprotocol” upon which other layer 1s (smart contract platforms and application-specific blockchains) are deployed.
Is Secret network a layer 1?
Secret Network is a layer one solution built with the Cosmos SDK, leveraging proof-of-stake (PoS) using Tendermint's Byzantine fault-tolerant consensus algorithms. The native token of Secret Network is “SCRT”. Computations are performed by each node on the network for verifiability, security, and consensus purposes.
Given the projections for Bitcoin, 10x would be an easy target for UNI token. As cryptocurrencies trend higher, trading volumes (centralized and decentralized), will swell. This is likely to benefit Uniswap.
"Solana could triple or quadruple it's all time high market dominance around 12-15% and if it continues to trend against Bitcoin, could easily see a $1,000 per coin and take the #2 spot behind Bitcoin," the analyst said.
The 100x Challenge
Propchain (PROPC) leads the pack with a 60-fold gain potential. VEIL, MOROS, and Sonata Network (SONA) follow suit with growth potentials of 80-fold, 75-fold, and a mind-blowing 10,000%, respectively. Remember: Risk Equals Reward!
Our top pick for the best crypto to buy ahead of the next bull run is Bitcoin ETF Token. Typically, Bitcoin-related tokens perform well alongside the market leader. However, the newly launched presale Bitcoin ETF Token offers a one-of-a-kind use case and is closely tied to the widely anticipated Bitcoin ETF approvals.
