New data from Token Terminal reveals that Layer 1 blockchains dominate crypto trading activity, with 14 of the top 20 most traded assets belonging to this category. Layer 1 (L1) tokens, general-purpose blockchain platforms that serve as the base for decentralized applications, continue to capture the majority of market liquidity.
At the top of the list are Bitcoin and Ethereum, with daily trading volumes of $94.3 billion and $52.5 billion, respectively. Solana, XRP, and BNB Chain round out the top five, each posting multi-billion-dollar volume levels that underscore the persistent investor demand for foundational blockchain assets.
14 of the top 20 most traded cryptoassets are L1 tokens
L1 defined as = general-purpose app platform and/or cryptocurrency pic.twitter.com/pY87TAjYiA
— Token Terminal 📊 (@tokenterminal) October 18, 2025
Other notable Layer 1s making the list include Dogecoin, Sui, Cardano, Tron, Litecoin, Avalanche, and Zcash, signaling that general-purpose networks, not niche tokens, continue to drive most of crypto’s on-chain and exchange activity.
Outside the L1 category, Chainlink leads the interoperability sector, while Hyperliquid and Aster represent the fast-growing derivatives niche. Meme favorite Pepe also secured a spot, highlighting how community-driven tokens still maintain significant volume despite their volatility.
The findings reinforce that Layer 1 ecosystems remain the economic backbone of the digital asset market, commanding unmatched liquidity and attention amid the ongoing competition across chains.