Layer 1 Blockchains Drive Crypto Trading: New Data Shows Which Assets Reign Supreme

New data from Token Terminal reveals a significant trend in the crypto trading landscape – Layer 1 blockchains are dominating the activity. A whopping 14 of the top 20 most traded cryptos belong to this category, highlighting their crucial role in driving overall market liquidity. Bitcoin and Ethereum, at the forefront with daily trading volumes of $94.3 billion and $52.5 billion respectively, continue to draw substantial investor attention. Solana, XRP, and BNB Chain round out the top five, each boasting multi-billion-dollar volume levels that underscore continued demand for foundational blockchain assets.