Layer-1 Token Surges 30% In Weekly Gains Ahead Of Upcoming Upgrade: Outperforms Bitcoin, Ethereum
By Benzinga
Layer-1 blockchain Kava’s native token KAVA (CRYPTO: KAVA) surged 30% in the last seven days, outperforming the top 100 cryptocurrencies by market capitalization, including apex crypto Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
| Cryptocurrency | Gains (+/-) | Price (12:00 a.m. EST) |
|---|---|---|
| Kava | +30% | $1.03 |
| UNUS SED LEO | +17.56% | $3.93 |
| Aptos | +5% | $11.77 |
| Curve DAO Token | +3.73% | $0.95 |
| Pax Gold | +3.58% | $1,922 |
What Happened: KAVA, on Sunday, made a major leap, surpassing Solana (CRYPTO: SOL) in total value locked. With the upcoming release of Kava 13, users will gain capabilities in protocol onboarding and scalability on Kava EVM.
Week 10 #KAVA recap, let's go!
Explosive ecosystem growth
Kava flips #Solana in TVL
#KavaRise protocols are winning pic.twitter.com/B4Anhe6BZh— Kava (@KAVA_CHAIN) March 10, 2023
UNUS SED LEO (CRYPTO: LEO) is the second top weekly performer. Over the past week, LEO has experienced a surge of 17%. This surge can be attributed to the announcement that Hive creators will be leveraging LEO to create decentralized polls on the Hive blockchain.
See Also: Top Indian Apps That Give Bitcoin, NFT Rewards
The third on the list is Aptos, posting 5% in weekly gains after launching its non-fungible token bridge on Wormhole.
Some other popular coins are experiencing gains in weekly charts, including Curve DAO Token (CRYPTO: CRV) up 3.73% and PAX Gold (PAXG) spiked 3.58%, according to the data from CoinMarketcap.
Price Action: BTC was trading at $22,342, down 0.24% in the last seven days. ETH was up 2.18%, trading at $1,596, according to Benzinga Pro data.
