Crypto.com Layers 1 & 2 Weekly Update (Week 3, 18/1/2022-24/1/2022)

Despite price crash, $BTC hashrate and difficulty at ATH. 46% of $BTC miners use green energy.

Jan 11, 2022
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Key Takeaways

  • Despite the price crash, Bitcoin’s (BTC) hashrate and mining difficulty continues to register new all-time highs. The hashrate, a crucial metric showcasing the robustness of BTC’s network, is over 194 Ehash/s while the mining difficulty has reached 26.64 T. This signals strong community support despite an ongoing bearish market.
  • According to a recent survey conducted by the Bitcoin Mining Council (BMC), 46% of Bitcoin (BTC) miners employ renewable energy sources to mine Bitcoin. In addition, the global mining industry’s sustainable electricity mix had grown to approximately 58.5% during Q4 2021.
  • The new Cronos Ecosystem page now enables users to discover new projects across the Cronos (CRO) ecosystem. In addition, developers can submit their project on #CronosAwesome, a community-maintained project database.
  • Cronos (CRO) saw a +9.36% increase in total transactions to 12.03M and a decrease of TVL to $1.67B (-10.22% week-on-week). The total number of wallet addresses now stands at 336,092, up +1.07% from last week.

Highlights

Layer 1 Project Metrics

EthereumTerraAvalancheSolanaFantomBinance Smart ChainCronos
Market Cap of Native Coin$285.47B$25.50B$15.41B$28.02B$5.55B$61.23B$9.27B
7-Day Change21.07%+1.55%-25.62%-28.94%-23.66%-19.54%-15.33%
Total Value Locked (TVL)$115.05B$16.19B$8.31B$7.54B$12.51B$12.01B$1.67B
7-Day Change-19.92%-9.75%-21.00%-23.46%+63.14%-15.03%-10.42%
Cap / TVL2.48x1.57x1.85x3.72x0.44x5.1x5.55x
7-Day Avg. Daily Volume (Native Coin)$17.93B$2.84B$0.80B$2.27B$1.73B$2.20B$0.18B
7-Day Change+33.71%+40.98%+12.92%+45.72%+11.03%+16.94%+24.95%
Price of Native Coin$2,395.00$63.43$62.95$89.14$2.18$364.35$0.37
7-Day Change-25.54%-17.95%-27.55%-36.35%-25.57%-23.52%-17.60%
Total # of Transactions since Launch1.45B75.60M†53.15B170.76M2.38B12.03M
# of Nodes / Validators604813012371443552126
Market Cap of Native Coin
Ethereum$285.47B
Terra$25.50B
Avalanche$15.41B
Solana$28.02B
Fantom$5.55B
Binance Smart Chain$61.23B
Cronos$9.27B
7-Day Change
Ethereum21.07%
Terra+1.55%
Avalanche-25.62%
Solana-28.94%
Fantom-23.66%
Binance Smart Chain-19.54%
Cronos-15.33%
Total Value Locked (TVL)
Ethereum$115.05B
Terra$16.19B
Avalanche$8.31B
Solana$7.54B
Fantom$12.51B
Binance Smart Chain$12.01B
Cronos$1.67B
7-Day Change
Ethereum-19.92%
Terra-9.75%
Avalanche-21.00%
Solana-23.46%
Fantom+63.14%
Binance Smart Chain-15.03%
Cronos-10.42%
Cap / TVL
Ethereum2.48x
Terra1.57x
Avalanche1.85x
Solana3.72x
Fantom0.44x
Binance Smart Chain5.1x
Cronos5.55x
7-Day Avg. Daily Volume (Native Coin)
Ethereum$17.93B
Terra$2.84B
Avalanche$0.80B
Solana$2.27B
Fantom$1.73B
Binance Smart Chain$2.20B
Cronos$0.18B
7-Day Change
Ethereum+33.71%
Terra+40.98%
Avalanche+12.92%
Solana+45.72%
Fantom+11.03%
Binance Smart Chain+16.94%
Cronos+24.95%
Price of Native Coin
Ethereum$2,395.00
Terra$63.43
Avalanche$62.95
Solana$89.14
Fantom$2.18
Binance Smart Chain$364.35
Cronos$0.37
7-Day Change
Ethereum-25.54%
Terra-17.95%
Avalanche-27.55%
Solana-36.35%
Fantom-25.57%
Binance Smart Chain-23.52%
Cronos-17.60%
Total # of Transactions since Launch
Ethereum1.45B
Terra
Avalanche75.60M†
Solana53.15B
Fantom170.76M
Binance Smart Chain2.38B
Cronos12.03M
# of Nodes / Validators
Ethereum6048
Terra130
Avalanche1237
Solana1443
Fantom55
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 2 Project Metrics

PolygonLightning NetworkRonin Sidechain†Optimistic EthereumArbitrumBoba
TVL/ Capacity on Network$4.36B$121.26M$622.69M$280.14M$1.37B$81.38M
Total Transactions1.33B287.74M5.51M301,372
Nodes / Unique Addresses10033,3119.65M357,60215,998
TVL/ Capacity on Network
Polygon$4.36B
Lightning Network$121.26M
Ronin Sidechain†$622.69M
Optimistic Ethereum$280.14M
Arbitrum$1.37B
Boba$81.38M
Total Transactions
Polygon1.33B
Lightning Network
Ronin Sidechain†287.74M
Optimistic Ethereum
Arbitrum5.51M
Boba301,372
Nodes / Unique Addresses
Polygon100
Lightning Network33,311
Ronin Sidechain†9.65M
Optimistic Ethereum
Arbitrum357,602
Boba15,998
* 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

#cronosawesome

Cronos ecosystem

EIP-1559

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