2025-12-25 05:56:15

This year's L1 track can be described as a tale of two extremes. According to Castle Labs' data, most leading public chain tokens have performed poorly—SOL, SUI, AVAX, TON, and other mainstream L1s have all fallen more than 35% this year, with SUI and AVAX dropping over 67%, and TON even falling below 73%. Although ETH is a veteran king, it also suffered a 15.3% decline this year. HYPE also decreased by 6.5%.

However, amidst this overall decline, BNB and TRX demonstrated resilience. BNB recorded an 18.2% increase, while TRX, though smaller in magnitude, achieved a positive return of 9.8%.

From this data, it is evident that the market performance of L1 tokens this year has shown a clear divergence, with the gap between leading ecosystem projects and other chains continuing to widen.

SUI-0.56%

AVAX1.32%

TON-0.27%

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GateUser-0717ab66

· 7h ago

BNB and TRX are really amazing, while other coins are crashing hard but still holding on... But honestly, it's a bit surprising that SUI has fallen this much. Even ETH, the big brother, couldn't escape. These days, nothing is really safe. It feels like big players are doing a shakeout, while retail investors keep buying in... The saying about fire and ice is quite accurate. Why are only these two holding up? Could it be that the market makers are protecting them? I bet BNB can still rise before the end of the year, but as for TRX... it looks like a marginal coin. The widening gap in top ecosystems is a good thing, at least it makes it clear who truly has potential. SOL has fallen so much; it seems the bear market isn't over yet.

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MindsetExpander

· 7h ago

BNB and TRX rise against the trend? This is the real anti-dip performer --- SUI AVAX drops to such an absurd level, it feels like last year's hype has completely cooled down --- The gap between leading ecosystems is widening, this round of reshuffling is really brutal --- ETH down 15% is still relatively mild... Thinking about those broken L1 projects from last year, it's just despair --- TRX's 9.8% drop, what is it, just consider it as a stablecoin --- BNB's 18.2% is pretty good, the ecosystem is still the ecosystem --- Two extremes of ice and fire? No, this is the Matthew Effect, everyone --- TON dropped 73%... Anyone buying the dip, haha --- So, it's still important to hold onto the top projects; small coins underperforming is inevitable

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GraphGuru

· 7h ago

BNB and TRX really have some substance; they can still make money even when others are falling... If other L1s keep dropping like this, it's hard to say whether the ecosystem can hold up. --- SUI dropping 67% is truly outrageous, and SOL isn't doing much better. This is just betting on the wrong track, brother. --- So, in this circle, the top is truly the top. BNB is indeed very resilient. --- TRX may have a small increase but hasn't fallen either. This kind of resilience is worth paying attention to. --- L1s are fighting their own battles; some are soaring while others are falling. The polarization is really intense. --- Honestly, seeing TON drop 73% really makes me a bit worried for them. --- This round of BNB operation is considered profitable; a good ecosystem indeed has advantages. --- ETH, as the big brother, has to drop more than 15%, and don't even expect much from other L1s. --- The gap between top ecosystems and small chains is getting bigger, and it might become even more competitive in the future.

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ContractSurrender

· 7h ago

BNB and TRX are really outstanding. While other coins are begging and pleading, they are still rising. The gap is truly extraordinary.

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0xLostKey

· 7h ago

BNB and TRX are really the winners this year, while other mainstream L1s are being smashed to pieces. SOL's 35% drop is actually quite good... It's outrageous that ETH can't even hold its ground. Who would dare to touch other altcoin chains in this environment? BNB's resilience is truly exceptional; the ecosystem's stickiness is undeniable. SUI and AVAX have dropped 67%... My goodness, how many people have been liquidated? In fact, it's still about choosing the right ecosystem. Not all L1s are worth betting on. TRX quietly rose by 9.8%, Brother Sun still has some skills. Such severe differentiation indicates that the market is becoming more rational. Trash chains really have no chance.

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