The indeniable chief of Layer 1 (L1) protocol Ethereum’s native token Ether (ETH), has achieved a extremely anticipated value stage of $2k. Cardano (ADA), Solana (SOL), Avalanche (AVAX), and a whole bunch of different L1 protocols are there however some have outperformed ETH and BTC when it comes to progress previously few days.
Amid the frenzy and recognition of Layer 2 protocols as a result of their utilities and scalability, L1 networks are nonetheless sustaining their relevance. A number of L1 tasks gained traction in current months and in the event that they play their playing cards proper, they are often the subsequent large factor within the blockchain and crypto area.
Vulcan Cast ($PYR) Over 60% Up in a Month
The native token for blockchain sport studio and NFT market Vulcan Cast, $PYR token, has seen a major surge within the buying and selling value. The token is buying and selling at $6.1 after witnessing a rise of over 6.4% within the final 24 hours. $PYR noticed a large bounce of over 67% in a month and up by greater than 80% within the final three months.
The developments on the challenge behind $PYR has to play a vital position within the spectacular improve. As an illustration, the L1 chain Elysium blockchain is among the many prime causes for the challenge’s recognition. One of many few blockchains within the crypto area with the carbon-neutrality perform, Elysium holds all the mandatory options together with decentralization, scalability, and sooner transaction velocity.
Elysium blockchain is among the many updates the Vulcan Cast ecosystem has seen this 12 months. The blockchain comes up with optimization for managing duties associated to current cutting-edge improvements equivalent to metaverse, Web3, and synthetic intelligence (AI). The L1 chain is suitable with non-fungible tokens (NFTs) and likewise has NFT marketplaces and cloud wallet-like options.
Furthermore, Vulcan Cast has a powerful progress previously years. The favored play-to-earn ecosystem onboarded greater than 200,000 customers who’re engaged with the platform by way of 15 totally different video games and titles. Video games from genres motion survival, MMORPG, and battle technique are there together with VulcanVerse. Tartarus, Berserk, Forge Area and plenty of extra.
The ecosystem continues to convey new updates based-on cutting-edge applied sciences. By the upcoming launch of MetaScapes, for example, the platform can be serving a ‘metaverse-as-a-service engine’ for customers.
As well as, Vulcan Cast additionally introduced its fashionable sport Tartarus in an up to date model within the type of the primary ever oculus VR sport—Tartarus VR. This model goes to revolutionize conventional gaming and act as a milestone for Web3 gaming. Gamers can get pleasure from all of the in-game adventures in a extra immersive means and produce all new experiences.
$PYR token hoarded market capitalization of over $173 Million. Given the long run alternatives Elysium poses, it suggests there’s sufficient room to develop and the native utility token of the ecosystem might replicate on the expansion.
AIOZ Community (AIOZ)
$AIOZ token can also be among the many prime gainers of Layer 1 crypto property. The token is native to distributed Content material Supply Community (CDN), AIOZ Community. The token is presently buying and selling at $0.14 after swelling over 30% inside a day.
The blockchain expertise introduced options for a lot of inherent points within the current tech area together with the brand new improvements. Content material has been one such area that has seen super progress in the previous few a long time and AIOZ Community acknowledges the potential. The challenge is distributed CDN primarily based on blockchain and intends to decentralize the content material.
$AIOZ is native utility token for AIOZ Community and it presently holds a market cap of $151.3 Million.
LiquidLayer (LILA)
$LILA token additionally noticed a rise in the previous few days, sufficient for the token to outperform $BTC and $ETH. Present buying and selling value of the $LILA token is $0.90. and it’s up by over 7% within the final 24 hours. Within the final three months, the buying and selling value of LiquidLayer native utility token noticed over 100% improve.
LiquidLayer is among the many distinguished Layer 1 blockchain proof-of-work (PoW) community. Nevertheless, the blockchain community aspires to go a number of steps forward of current PoW chains. The blockchain claims to unravel the blockchain trilemma putting a steadiness amongst scalability, safety, and decentralization.
$LILA serves as utility token for LiquidLayer community which is used to cowl charges, to pay transaction charges and distribute mining rewards. At current, it holds the market cap of almost $7 Million.
Right here’s a brief snippet explaining key factors to contemplate whereas evaluating the aforementioned Layer 1 tokens:
