Layer 2 Becomes the Best Performing Sector, SAGA and TIA Tokens Lead!
2024-08-09Bittime - According to data from SoSoValue, the Layer 2 sector recorded an increase of 16.02% in 24 hours, and was the best performing sector. The increase was triggered by the price increase of several tokens in the Layer 2 ecosystem, such as SAGA, TIA, and A8.
Token Performance in Layer 2 Sectors
Source: Bittime.com
SAGA tokens experienced the highest increase. In fact, it rose 35.57%, which put SAGA at the top of the list of tokens with the best performance in the Layer 2 sector.
Based on Bittime market today, the SAGA token has increased 19.12% in the last 24 hours. When this article was written, the SAGA token was trading at IDR 18,295 or $1.15.
Source: Bittime.com
Celestia (TIA) also rose by 27.17%. This high price increase shows the great potential that Celestia has in developing more efficient and decentralized Layer 2 solutions.
Based on Bittime market today, the TIA token has increased 20.27% in the last 24 hours. When this article was written, the TIA token was trading at the price Rp89,251 or $5.61.
Meanwhile, Ancient8 (A8) also showed strong performance with an increase of 25.45% in the last 24 hours. The price of A8 currently stands at $0.1114, which indicates consistent growth amidst stiff competition in the blockchain industry.
Read Also: Kinto Layer 2 Network Gives Mining Reward, 2% of Token Supply!
Token Layer 2: Optimism and Taiko
Optimism experienced a significant increase of 21.68% in the last 24 hours. With a current price of $1,437, Optimism continues to attract the attention of the crypto community thanks to the scalability and efficiency it offers in transactions on the Ethereum network.
Meanwhile, Taiko recorded a price increase of 21.51%. The price of the Taiko token currently stands at $1.9066. The project is gaining increasing recognition for its approach to providing a more decentralized and user-friendly Layer 2 solution.
Consistent Increase in Layer 2 Sectors
Apart from the 5 main tokens mentioned, several other tokens also showed significant increases in the last 24 hours. Stacks (STX) recorded an increase of 20.80% at its current price of $1.562, while BLAST saw an increase of 20.07% and is currently trading at $0.01.
Merlin Chain (MERL) and zkSync (ZK) experienced an increase of 19.43% and 19.25% respectively. This increase shows the growing interest in projects offering Layer 2 solutions, which are considered one of the best ways to increase scalability and efficiency in major blockchain networks such as Ethereum.
Meanwhile, Dymension (DYM) price also rose by 19.20% in the last 24 hours. DYM's price is currently at $1.37, adding to the ranks of tokens in the Layer 2 sector that show great potential in the development of blockchain technology.
Read Also: Eigen Foundation Supports Celo Layer 2 with EigenDA
How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
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