- Mantra (OM) has risen 7,035.2% in 2024 amid increasing demand for RWA protocols.
- AIOZ and SUI are the other top performing L1 tokens in 2024.
- Sui Network recently introduced Bitcoin staking.
Layer 1 (L1) tokens have seen exceptional price increases in 2024, with some recording gains of up to 7,000%, according to a report from CoinGecko. The report highlights Mantra (OM), AIOZ Network (AIOZ), and Sui Network (SUI) as the top-performing L1 cryptocurrencies this year. Donald Trump’s U.S. presidential victory was cited as a major contributing factor to these price surges, added the report.
Mantra (OM) emerged as the best-performing L1 token of 2024, boasting a staggering 7,035.2% year-to-date (YTD) increase. CoinGecko attributes this growth to Mantra’s partnership with Zand, a UAE-based digital bank enabling the tokenization of real-world assets (RWAs) in compliance with Dubai’s Virtual Asset Regulatory Authority (VARA). This partnership, coupled with rising institutional interest in RWAs, drew significant capital inflows into OM.
At the time of writing, OM is trading at $3.44, down 4.21% in the past 24 hours and 8.66% in the past week. The Relative Stre…
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