News·Reddit r/CryptoCurrency — Bittensor·Jan 31, 2026, 13:17 UTC

Been a rough 7 days in the market for L1 and L2, the whole index is down nearly 60%

I looked at the market performances over the past week and month, I expected bad but did not expect this bad. Given that we already had a pretty rough 3 months previously. Layer 1 and Layer 2 Projects collectively have performed significantly worse than Defi Projects and even memecoins. Pretty hard to fathom. In the Layer 1s, Monero, Hyper and Canton are the only positive price developments in the past 30 days. Monero obviously taking the lead despite having lost nearly 30% from the recent peak. ADI Chain is the only Layer 2 in the green, but it doesn't lift the index much due to it's small market cap. Now Defi is quite a surprise, while almost everything is down too, there is more green and the losses aren't as significant. Memecoins have been down across the board but the percentage adjusted loss is also less than the other indexes. submitted by /u/obolli [link] [comments]

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