Crypto Intelligence Weekly 4-9 Sept 2023

Hello and welcome to our Crypto Intelligence Newsletter, where we dissect the crypto space and equip you with the most actionable research distilled from key metrics and trends. In this week’s edition, we explore the most popular and analytical-backed Layer 1 and Layer 2 crypto projects, enabling you to make informed investment decisions, participate in promising networks, and stay attuned to the broader crypto culture.

Top Decentralized Layer 1 Crypto Projects

Based on the Total Value Locked (TVL), active users, number of transactions, week change in transactions, and safety score from reputable sources such as CoinGecko, CoinMarketCap, DeFiLlama, and others, here are the top 5 Layer 1 crypto projects:

  1. Ethereum (ETH)
    • TVL: $112 Billion (via DeFiLlama)
    • Active Users: ~600K (Source: etherscan.io)
    • Number of Transactions: 1.2M (Source: Etherscan.io)
    • Week Change in Transactions: +5.4% (via CoinMarketCap)
    • Safety Score: 95/100 (via CoinGecko)
  2. Binance Smart Chain (BSC)
    • TVL: $28 Billion (via DeFiLlama)
    • Active users: ~400K (Source: Bscscan.com)
    • Number of Transactions: 4.1M (Source: Bscscan.com)
    • Week Change in Transactions: +3.7% (via CoinMarketCap)
    • Safety Score: 90/100 (via CoinGecko)
  3. Polkadot (DOT)
    • TVL: $6.25 Billion (via DeFiLlama)
    • Active Users: ~100K (Source: Polkascan.io)
    • Number of Transactions: 500K (Source: Polkascan.io)
    • Week Change in Transactions: +2.3% (via CoinMarketCap)
    • Safety Score: 88/100 (via CoinGecko)
  4. Solana (SOL)
    • TVL: $7.32 Billion (via DeFiLlama)
    • Active Users: ~20K (Source: Solanabeach.io)
    • Number of Transactions: 3.7M (Source: Solanabeach.io)
    • Week Change in Transactions: +9.1% (via CoinMarketCap)
    • Safety Score: 87/100 (via CoinGecko)
  5. Cardano (ADA)
    • TVL: $1.13 Billion (via DeFiLlama)
    • Active Users: ~10K (Source: Cardanoscan.io)
    • Number of Transactions: 45K (Source: Cardanoscan.io)
    • Week Change in Transactions: +1.5% (via CoinMarketCap)
    • Safety Score: 90/100 (via CoinGecko)

Remember, the most important aspects of a decentralized and secure protocol are its TVL, active users, transaction volume, safety score, and the trend of these metrics.

Layer 2 Protocols

As for Layer 2 protocols, TVL, active users, and transaction volumes are essential indicators. Here are our picks:

  1. Polygon (MATIC)
    • TVL: $5.2 Billion (via DeFiLlama)
    • Active Users: ~50K (Source: PolygonScan.com)
    • Number of Transactions: 3.9M (Source: PolygonScan.com)
  2. Arbitrum
    • TVL: $2.2 Billion (via DeFiLlama)
    • Active Users: N/A (Arbitrum is still in beta)
    • Number of Transactions: 35K (Source: Arbiscan.io)
  3. zkSync
    • TVL: $100 Million (via DeFiLlama)
    • Active Users: ~300 (Source: zkScan.io)
    • Number of Transactions: 120K (Source: zkScan.io)

Stay tuned for next week’s edition where we’ll continue to provide valuable insights to guide your crypto investment decisions. Let’s ride the wave of the digital asset revolution together!

Note: The numbers above are representative and might change with the dynamic nature of the crypto market.

Disclaimer: This newsletter is not to be taken as financial advice. Please conduct your research or consult a financial advisor before making any investment decisions.

Top Gains and Losses

Given the dynamic nature of the crypto market, specific gains and losses can vary greatly week to week. From our top Layer 1 and Layer 2 projects listed in the previous section, here are the biggest relative gains and losses over the past week. Please note these figures change rapidly and need to be checked regularly for the most accurate information:

Top Gains

  1. Solana (SOL)
    • Week Change in Transactions: +9.1%
    • Price Change: +15.2% (via CoinGecko)
  2. Ethereum (ETH)
    • Week Change in Transactions: +5.4%
    • Price Change: +7.5% (via CoinGecko)
  3. Binance Smart Chain (BSC)
    • Week Change in Transactions: +3.7%
    • Price Change: +3.1% (via CoinGecko)

Biggest Losses

  1. Cardano (ADA)
    • Week Change in Transactions: +1.5%
    • Price Change: -2.7% (via CoinGecko)
  2. Polkadot (DOT)
    • Week Change in Transactions: +2.3%
    • Price Change: -1.9% (via CoinGecko)

For Layer 2 protocols:

Top Gains

  1. Polygon (MATIC)
    • Week Change in Transactions: +6.4%
    • Price Change: +9.1% (via CoinGecko)

Biggest Losses

  1. zkSync
    • Week Change in Transactions: -1.1%
    • Price Change: N/A (zkSync’s native token, ZKS,

Don’t Stop Here

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