Top 10 Layer 1 Blockchain-Based Cryptos

Blockchain technology has revolutionized various industries by offering decentralized solutions and disrupting traditional systems. In cryptocurrencies, blockchain serves as the backbone, ensuring security, transparency, and immutability of transactions. 

Layer 1 blockchains are pivotal in this landscape, providing the foundation for building decentralized applications (dApps) and executing smart contracts efficiently.

Let’s examine some of the top Layer 1 blockchain-based cryptocurrencies that are reshaping blockchain technology and decentralized finance (DeFi):

Understanding Layer 1 Blockchains

Layer 1 blockchains refer to the underlying infrastructure of a blockchain network, where transactions are validated and recorded on the distributed ledger. These blockchains operate independently and do not rely on other networks for security or consensus mechanisms. They serve as the primary layer of the blockchain stack, facilitating peer-to-peer transactions and supporting various decentralized applications.

Importance of Layer 1 Cryptos

Layer 1 cryptocurrencies are essential for the functioning of the blockchain ecosystem as they define the fundamental protocols and consensus mechanisms. They offer scalability, security, and decentralization, making them attractive for developers and users. Additionally, Layer 1 cryptos enable interoperability between different blockchain networks, fostering innovation and collaboration within the industry.

Here are the top 10 Layer 1 Blockchain-Based Cryptos:

Bitcoin (BTC)

Bitcoin is the pioneering cryptocurrency, heralding the inception of decentralized digital currencies. Operating on its Layer 1 blockchain, Bitcoin facilitates peer-to-peer transactions securely and transparently, serving as a store of value and a medium of exchange in the crypto market.

Ethereum (ETH)

Ethereum introduced groundbreaking features like smart contracts, revolutionizing blockchain technology. As a Layer 1 blockchain platform, Ethereum enables developers to build decentralized applications (dApps) autonomously and execute programmable agreements. With its vast ecosystem and ongoing developments like Ethereum 2.0, ETH remains a cornerstone of the blockchain industry.

Solana (SOL)

Solana has garnered attention for its high-performance blockchain, offering lightning-fast transaction speeds and minimal transaction fees. With its scalability and throughput, Solana is an ideal platform for DeFi projects, decentralized applications, and non-fungible tokens (NFTs), contributing to the evolution of blockchain technology.

Ripple (XRP)

Ripple aims to revolutionize cross-border payments and remittances through its blockchain-based payment protocol. XRP, the native cryptocurrency of the Ripple network, facilitates fast and cost-effective cross-border transactions, disrupting traditional banking systems with its Layer 1 blockchain.

Cardano (ADA)

Cardano is a third-generation blockchain platform focused on scalability, sustainability, and interoperability. Operating on its Layer 1 blockchain, Cardano utilizes a research-driven approach to provide a secure and scalable infrastructure for deploying smart contracts and decentralized applications, aiming to bridge the gap between blockchain technology and mainstream adoption.

Polkadot (DOT)

Polkadot is a multi-chain blockchain platform designed to enable interoperability between different blockchains. With its innovative relay chain and parachain architecture, Polkadot facilitates the seamless exchange of information and assets across independent blockchains, fostering a decentralized internet and expanding the capabilities of blockchain technology at the Layer 1 level.

Kaspa (KAS)

Kaspa is a Layer 1 blockchain designed to address scalability and usability challenges in existing blockchain networks. With its unique Ghostdag consensus mechanism, Kaspa offers a robust infrastructure for decentralized applications and digital assets, contributing to the advancement of blockchain technology.

Binance Coin (BNB)

Binance Coin (BNB) is the native cryptocurrency of the Binance Smart Chain (BSC), a Layer 1 blockchain developed by the leading cryptocurrency exchange, Binance. BNB powers transactions and fuels smart contracts on the Binance Smart Chain, supporting various DeFi applications and NFT platforms with its Layer 1 infrastructure.


Stellar operates as a decentralized payment network facilitating cross-border transactions and asset transfers. With its blockchain platform, Stellar Lumens (XLM), Stellar aims to provide fast, secure, and low-cost remittance solutions, bridging the gap between traditional finance systems and the digital economy at the Layer 1 level.

Cosmos (ATOM)

Cosmos is an interoperable blockchain ecosystem facilitating the seamless exchange of assets and data across different blockchains. Leveraging its innovative Inter-Blockchain Communication (IBC) protocol, Cosmos empowers developers to build scalable and interconnected decentralized applications, driving interoperability and collaboration within the blockchain industry at the Layer 1 level.

Why Invest in these Top 10 Layer 1 Blockchain-Based Cryptos?

Investing in Layer 1 blockchain-based cryptos presents a compelling opportunity for individuals seeking exposure to the burgeoning world of cryptocurrencies. Here are several reasons why these top 10 Layer 1 blockchain-based cryptos warrant consideration for investment:

Established Track Record:

As the pioneers of the cryptocurrency space, Bitcoin and Ethereum boast a proven track record of resilience and adoption. Investing in these established Layer 1 blockchain platforms offers exposure to the foundational pillars of decentralized finance (DeFi) and blockchain technology.

Innovation and Potential:

Layer 1 blockchain platforms like Solana, Cardano, and Polkadot are at the forefront of innovation, continuously pushing the boundaries of scalability, security, and interoperability. Investing in these projects provides an opportunity to support cutting-edge technologies with significant growth potential.


Diversifying a cryptocurrency portfolio across multiple Layer 1 blockchain platforms can mitigate risk and capture opportunities across different segments of the blockchain industry. Investing in a diversified range of cryptos can spread their exposure and maximize potential returns.

DeFi and NFT Ecosystems:

Many Layer 1 blockchain platforms are the foundation for decentralized finance (DeFi) applications and non-fungible tokens (NFTs). Investing in these cryptos enables participation in the rapidly growing DeFi and NFT ecosystems, offering opportunities for yield generation and asset ownership.

Interoperability and Collaboration:

Blockchain interoperability projects like Polkadot and Cosmos facilitate seamless communication and asset transfer between disparate blockchains. Investing in these Layer 1 protocols promotes interoperability and collaboration within the blockchain ecosystem, unlocking new possibilities for innovation and development.

Market Potential:

Layer 1 blockchain platforms targeting specific use cases, such as cross-border payments (e.g., Ripple) or decentralized storage (e.g., Filecoin), address significant market needs and present investment opportunities in niche sectors of the blockchain industry.

Ecosystem Growth:

Investing in Layer 1 blockchain-based cryptos aligns investors with vibrant and growing ecosystems supported by developers, entrepreneurs, and users. These ecosystems foster innovation, community engagement, and network effects, driving the long-term success of the underlying blockchain platforms.

Hedge Against Traditional Finance:

Layer 1 blockchain-based cryptos hedge against traditional financial systems plagued by inflation, currency devaluation, and centralized control. Investing in decentralized assets provides exposure to alternative economic systems built on principles of transparency, decentralization, and autonomy.


These top 10 Layer 1 blockchain-based cryptos represent the forefront of innovation in the cryptocurrency space, offering unique features and capabilities that drive the adoption and advancement of blockchain technology. 

Whether it’s enabling decentralized finance, facilitating cross-border payments, or fostering interoperability, these Layer 1 protocols continue to shape the future of the digital economy.

You can start investing in some of these top layer 1 Blockchain-Based Cryptos at Carret Platform with world-class security measures to protect your crypto assets against threats. 

Download Carret’s application and start investing in Crypto today.




Q: How do Layer 1 blockchains differ from Layer 2 solutions?

Layer 1 blockchains serve as the base layer of the blockchain stack, handling transaction validation and consensus directly on the main chain. In contrast, Layer 2 solutions operate on top of Layer 1 blockchains, offering scalability and throughput improvements through off-chain processes.

Q: What makes Ethereum unique among Layer 1 blockchains?

Ethereum introduced the concept of smart contracts, enabling developers to create decentralized applications (dApps) and execute programmable transactions without intermediaries. Its robust ecosystem and developer community have propelled Ethereum to the forefront of blockchain innovation.

Q: How does interoperability benefit Layer 1 blockchain ecosystems?

Interoperability allows different blockchain networks to communicate and share data seamlessly, fostering collaboration and synergy between disparate platforms. It enables users to access a broader range of services and assets across multiple blockchains, enhancing liquidity and usability.

Q: What role do governance models play in Layer 1 blockchain projects?

Governance models dictate decisions within a blockchain ecosystem, including protocol upgrades, resource allocation, and dispute resolution. Transparent and decentralized governance frameworks promote community involvement and consensus, ensuring the longevity and sustainability of the project.

Q: How can investors evaluate the potential of Layer 1 blockchain projects?

Investors should conduct thorough due diligence, considering technology, team expertise, market demand, competition, and regulatory compliance. It’s essential to assess the project’s fundamentals and long-term viability before making investment decisions.

Q: What are the scalability challenges faced by Layer 1 blockchains?

Layer 1 blockchains often encounter scalability issues due to the inherent trade-offs between throughput, decentralization, and security. Scalability solutions such as sharding, sidechains, and layer 2 protocols aim to address these challenges by offloading transactions from the main chain.