Layer 1 (L1)

List of top Layer 1 (L1) coins by market cap. The current Layer 1 (L1) coin market cap is $1.87T , which has changed by -4.39% in the past 24 hours; the Layer 1 (L1) coin trading volume is $903.19M, which has changed by -0.06% in the past 24 hours. There are 79 cryptocurrencies in the Layer 1 (L1) coin list today.
Layer 1 refers to the base blockchain network that operates as the foundation for cryptocurrency transactions and smart contracts. These are independent blockchains that process and validate transactions on their own without relying on other networks. Major Layer 1 blockchains include Bitcoin, Ethereum, Solana, Polkadot, and Cardano, each with their own consensus mechanisms and native tokens. Layer 1 networks are characterized by their ability to handle transaction settlement and security independently, though they often face challenges with scalability and transaction throughput. As the primary settlement layer, Layer 1 blockchains determine the security, decentralization, and speed parameters of their respective ecosystems. The choice of Layer 1 network significantly impacts transaction costs, confirmation times, and the types of applications that can be built on top of it. Layer 1 solutions represent the core infrastructure of blockchain technology, serving as the backbone for decentralized finance, non-fungible tokens, and other Web3 applications.