New data shared by cryptocurrency analysis company Santiment reveals the altcoins and their ecosystems that have experienced the most growth in the market over the last 30 days.
According to data shared by analysts, some altcoins have grown by up to 1000% in the last 30 days.
Here is the list shared by Santiment showing the network growth rates:
- Polygon (POL) – 1.019%
- Wrapped Ethereum (on Polygon network) – 263%
- LayerZero (on Optimism network) – 254%
- LayerZero (on Arbitrum network) – 219%
- USD Coin (on Polygon network) – 171%
- PancakeSwap – 150%
- Frax (on Polygon mesh) – 129%
- USD Coin (on Arbitrum network) – 125%
- Tether (on Arbitrum network) – 119%
- USD Coin (on BNB network) -102%
According to Santiment, the growth rates of cryptocurrency networks are a useful tool for tracking which projects have historically had the most use. According to analysts, as the use cases of cryptocurrency projects increase, the likelihood of long-term market value growth for these projects historically increases.
*This is not investment advice.