Crypto.com Layers 1 & 2 Weekly Update (Week 1, 4/1/2022-10/1/2022)

CronoScan brings block explorer to Cronos chain $CRO. BTC mining pools recover after internet blackout.

Jan 11, 2022
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Key Takeaways

  • The hashrate of major Bitcoin (BTC) mining pools neared recovery on Monday (10 January 2022), days after computing power on the network fell following an internet blackout in Kazakhstan. The situation is now ‘almost resolved’ and crypto mining data centres are back online.
  • Vitalik Buterin has shared a new proposal called ‘multidimensional EIP-1559’. If adopted, the update would affect Ethereum’s (ETH) gas fee markets and the base fee charged for different resources within the Ethereum Virtual Machine.
  • Built by the team behind Etherscan, CronoScan brings the most popular block explorer to Cronos (CRO), providing access to advanced features such as charts, developer API endpoints, and smart contract verification.
  • Cronos (CRO) saw a +7.27% increase in total transactions to 10.18M and a decrease of TVL to $1.82B (-7.61% week-on-week). The total number of wallet addresses now stands at 316,910, up +2.61% from last week.

Highlights

Layer 1 Project Metrics

EthereumTerraAvalancheSolanaFantomBinance Smart ChainCronos
Market Cap of Native Coin$368.88B$25.21B$20.71B$42.38B$5.69B$71.62B$11.23B
7-Day Change-16.36%-17.21%-18.34%-17.10%-15.99%-14.56%-18.80%
Total Value Locked (TVL)$143.20B$16.66B$10.83B$9.40B$5.26B$14.84B$1.82B
7-Day Change-9.09%-12.77%-9.94%-17.62%-7.62%-10.06%-6.63%
Cap / TVL2.58x1.51x1.91x4.51x1.08x4.82x6.17x
7-Day Avg. Daily Volume (Native Coin)$17.40B$2.13B$0.92B$1.86B$1.73B$1.86B$0.21B
7-Day Change+30.93%-0.08%-8.39%+21.85%+113.99%+17.62%-8.92%
Price of Native Coin$3,096.97$70.48$84.75$136.06$2.24$425.94$0.44
7-Day Change-17.84%-20.76%-21.73%-20.23%-21.53%-17.01%-21.76%
Total # of Transactions Since Launch1.43B64.83M†50.67B155.85M2.29B10.18M
# of Nodes / Validators544513012011382512126
Market Cap of Native Coin
Ethereum$368.88B
Terra$25.21B
Avalanche$20.71B
Solana$42.38B
Fantom$5.69B
Binance Smart Chain$71.62B
Cronos$11.23B
7-Day Change
Ethereum-16.36%
Terra-17.21%
Avalanche-18.34%
Solana-17.10%
Fantom-15.99%
Binance Smart Chain-14.56%
Cronos-18.80%
Total Value Locked (TVL)
Ethereum$143.20B
Terra$16.66B
Avalanche$10.83B
Solana$9.40B
Fantom$5.26B
Binance Smart Chain$14.84B
Cronos$1.82B
7-Day Change
Ethereum-9.09%
Terra-12.77%
Avalanche-9.94%
Solana-17.62%
Fantom-7.62%
Binance Smart Chain-10.06%
Cronos-6.63%
Cap / TVL
Ethereum2.58x
Terra1.51x
Avalanche1.91x
Solana4.51x
Fantom1.08x
Binance Smart Chain4.82x
Cronos6.17x
7-Day Avg. Daily Volume (Native Coin)
Ethereum$17.40B
Terra$2.13B
Avalanche$0.92B
Solana$1.86B
Fantom$1.73B
Binance Smart Chain$1.86B
Cronos$0.21B
7-Day Change
Ethereum+30.93%
Terra-0.08%
Avalanche-8.39%
Solana+21.85%
Fantom+113.99%
Binance Smart Chain+17.62%
Cronos-8.92%
Price of Native Coin
Ethereum$3,096.97
Terra$70.48
Avalanche$84.75
Solana$136.06
Fantom$2.24
Binance Smart Chain$425.94
Cronos$0.44
7-Day Change
Ethereum-17.84%
Terra-20.76%
Avalanche-21.73%
Solana-20.23%
Fantom-21.53%
Binance Smart Chain-17.01%
Cronos-21.76%
Total # of Transactions Since Launch
Ethereum1.43B
Terra
Avalanche64.83M†
Solana50.67B
Fantom155.85M
Binance Smart Chain2.29B
Cronos10.18M
# of Nodes / Validators
Ethereum5445
Terra130
Avalanche1201
Solana1382
Fantom51
Binance Smart Chain21
Cronos26
* % change is based on the difference between two subsequent bi-weekly periods
† X-Chain total transactions plus C-Chain total transactions
 ‘-’ denotes missing, unavailable, or incomplete data
Sources: Coingecko, Etherscan, Ethernodes, Terra Station, Terra Etherscan, Avascan, Solana Beach, FTMscan, BSCscan, CronoScan, DeFi Llama

Layer 1 Project Metrics

PolygonLightning NetworkRonin Sidechain†Optimistic EthereumArbitrumBoba
TVL/ Capacity on Network$5.12B$140.06M$891.63M$302M$1.79B$94.30M
Total Transactions1.27B273.90M5.00M282,502
Nodes / Unique Addresses10032,6249.41M341,25515,474
TVL/ Capacity on Network
Polygon$5.12B
Lightning Network$140.06M
Ronin Sidechain†$891.63M
Optimistic Ethereum$302M
Arbitrum$1.79B
Boba$94.30M
Total Transactions
Polygon1.27B
Lightning Network
Ronin Sidechain†273.90M
Optimistic Ethereum
Arbitrum5.00M
Boba282,502
Nodes / Unique Addresses
Polygon100
Lightning Network32,624
Ronin Sidechain†9.41M
Optimistic Ethereum
Arbitrum341,255
Boba15,474
* Figure refers to Lightning nodes with active channels
† Ronin is the sidechain developed by Sky Mavis for Axie Infinity
 ‘-’ denotes missing, unavailable, or incomplete data
Sources:  DeFi Llama, Polygonscan, Clark Moody Bitcoin, 1ML, Ronin Explorer, Coingecko, Optimistic Etherscan, Arbiscan, Boba Explorer

Tags

Algorand

Arbitrum One

Cardano

Cosmos

Cronoscan

Etherscan

hashrate

Kazakhstan

layer 1

layer 2

multidimensional EIP-1559

Solana

Terra

tezos

Vitalik Buterin

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