{"id":6549,"date":"2023-12-13T21:17:46","date_gmt":"2023-12-13T21:17:46","guid":{"rendered":"https:\/\/icoholder.com\/blog\/?p=6549"},"modified":"2025-01-27T20:59:04","modified_gmt":"2025-01-27T20:59:04","slug":"blockchain-and-token-growth-impact-on-cryptocurrency-value","status":"publish","type":"post","link":"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/","title":{"rendered":"Blockchain and Token Growth: Impact on Cryptocurrency Value"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/#Solana_SOL\" >Solana ($SOL)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/#Avalanche_AVAX\" >Avalanche ($AVAX)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/#Elysium_PYR\" >Elysium ($PYR)<\/a><\/li><\/ul><\/nav><\/div>\n<p>The sectors that deployed blockchain technology to their existing operations saw tremendous changes. Blockchain and token growth have turned the tables since its inception for various sectors. Layer 1 (L1) networks ignited the revolution while it was further carried out by Layer 2 solutions for scaling-like purposes. Ethereum (ETH) led the L1 networks for a long time and it still does. However, several new entrants beat ETH and surpassed it in terms of value.<\/p>\n<p>Ethereum was among the first blockchain networks to deploy smart contracts over the existing peer-to-peer (P2P) transaction facility. The native token ETH is used for utilities and governance over the platform. Various decentralized finance (DeFi) platforms over the network use cryptocurrency for operational purposes.<\/p>\n<p data-pm-slice=\"1 1 []\">ETH saw an impressive increase in the last few years. Blockchain and token growth played a significant role as the cryptocurrency value grew multifold since its inception. It continued the similar growth in the past year, hitting an uptick of 77% year-on-year (YoY) and achieving the milestone of over $2,200. However, several L1 tokens surpassed the leading cryptocurrency in value growth and took the attention.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Solana_SOL\"><\/span>Solana ($SOL)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Solana ($SOL) was the hot topic within the broader crypto industry for the past year. Due to several issues related to blockchain network outages, the native token $SOL had to face the repercussions. The network ranks among blockchains with the highest throughput and continues gaining popularity as an Ethereum killer.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6550 aligncenter\" src=\"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_5.jpg\" alt=\"\" width=\"928\" height=\"592\" srcset=\"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_5.jpg 928w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_5-300x191.jpg 300w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_5-768x490.jpg 768w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_5-94x60.jpg 94w\" sizes=\"auto, (max-width: 928px) 100vw, 928px\" \/><\/p>\n<p>$SOL, as mentioned above, had to suffer the consequences of heavy network halts. The token dipped to fresh lows during the past year but then made a recovery. At present, the crypto asset is priced at $68 and most of the growth came in the last couple of months. In a yearly time frame, $SOL climbed more than 400%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Avalanche_AVAX\"><\/span>Avalanche ($AVAX)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Another L1 token that took the crypto space by storm in the yearly time frame is Avalanche native token $<a href=\"https:\/\/icoholder.com\/en\/avaxdao-1017439\">AVAX<\/a>. The blockchain is also among the few examples of networks with significant TPS and does not compromise on scalability in pursuit of transaction speed.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6551 aligncenter\" src=\"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_6.jpg\" alt=\"\" width=\"898\" height=\"612\" srcset=\"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_6.jpg 898w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_6-300x204.jpg 300w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_6-768x523.jpg 768w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_6-88x60.jpg 88w\" sizes=\"auto, (max-width: 898px) 100vw, 898px\" \/><\/p>\n<p>$AVAX token is trading at $37 and it saw a dramatic surge in the last few weeks. In the monthly time frame, the token is up by over 100%. The total gain in the last year for the $AVAX token stays at more than 190%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Elysium_PYR\"><\/span><a href=\"https:\/\/elysiumchain.tech\/\">Elysium<\/a> ($PYR)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The L1 blockchain network space got saturated after the emergence of numerous projects. Among these networks, <a href=\"https:\/\/vulcanforged.com\/\">Vulcan Furged<\/a>\u2019s AI, metaverse, and gaming-focused Elysium blockchain made a unique position. Traditional L1 networks suffer with the transaction speed and scalability but Elyisum dealt with it.<\/p>\n<p><a href=\"https:\/\/elysiumchain.tech\/\">Elysium<\/a> delivers a lightning-fast transaction speed of 2,500 TPS and promises unprecedented scalability.<\/p>\n<p>The carbon-neutral blockchain optimizes cutting-edge innovation, supporting the metaverse, non-fungible tokens (NFTs), artificial intelligence (AI), and gaming.<\/p>\n<p>The blockchain bolsters user experience across 15 different games and titles over Vulcan Forged. The backbone of this blockchain&#8217;s ecosystem lies in $LAVA, its native token, which plays a vital role in powering the entire network.<\/p>\n<p>The integration of the $PYR token, the exclusive token of Vulcan Forged, is significantly enhancing its functionalities. This infusion not only strengthens the network but also broadens its capabilities, marking a key milestone in its evolution.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6552 aligncenter\" src=\"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_7.jpg\" alt=\"\" width=\"907\" height=\"609\" srcset=\"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_7.jpg 907w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_7-300x201.jpg 300w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_7-768x516.jpg 768w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_7-89x60.jpg 89w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_7-120x80.jpg 120w\" sizes=\"auto, (max-width: 907px) 100vw, 907px\" \/><\/p>\n<p>The $PYR token currently trades at $6.5 and saw a tremendous increase of over 100% in the past year. The token holds an overall market capitalization of more than $178 Million. Given the performance shown in the past, the cryptocurrency is capable of continuing the growth and providing promising returns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The sectors that deployed blockchain technology to their existing operations saw tremendous changes. Blockchain and token growth have turned the tables since its inception for &hellip; <\/p>\n","protected":false},"author":1,"featured_media":6553,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,29],"tags":[],"class_list":["post-6549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-ethereum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blockchain and Token Growth: Impact on Cryptocurrency Value<\/title>\n<meta name=\"description\" content=\"Explore Blockchain and Token Growth, and how they drive impressive increases in cryptocurrency value and industry trends - IcoHolder.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blockchain and Token Growth: Impact on Cryptocurrency Value\" \/>\n<meta property=\"og:description\" content=\"Explore Blockchain and Token Growth, and how they drive impressive increases in cryptocurrency value and industry trends - IcoHolder.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/\" \/>\n<meta property=\"og:site_name\" content=\"ICOholder Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/icoholdercom\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-13T21:17:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-27T20:59:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"831\" \/>\n\t<meta property=\"og:image:height\" content=\"465\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Terry Ashton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@icoholder\" \/>\n<meta name=\"twitter:site\" content=\"@icoholder\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Terry Ashton\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Blockchain and Token Growth: Impact on Cryptocurrency Value","description":"Explore Blockchain and Token Growth, and how they drive impressive increases in cryptocurrency value and industry trends - IcoHolder.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/","og_locale":"en_US","og_type":"article","og_title":"Blockchain and Token Growth: Impact on Cryptocurrency Value","og_description":"Explore Blockchain and Token Growth, and how they drive impressive increases in cryptocurrency value and industry trends - IcoHolder.","og_url":"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/","og_site_name":"ICOholder Blog","article_publisher":"https:\/\/www.facebook.com\/icoholdercom\/","article_published_time":"2023-12-13T21:17:46+00:00","article_modified_time":"2025-01-27T20:59:04+00:00","og_image":[{"width":831,"height":465,"url":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_4.jpg","type":"image\/jpeg"}],"author":"Terry Ashton","twitter_card":"summary_large_image","twitter_creator":"@icoholder","twitter_site":"@icoholder","twitter_misc":{"Written by":"Terry Ashton","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/#article","isPartOf":{"@id":"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/"},"author":{"name":"Terry Ashton","@id":"https:\/\/icoholder.com\/blog\/#\/schema\/person\/473536da0d427327be7084eaa9e8f881"},"headline":"Blockchain and Token Growth: Impact on Cryptocurrency Value","datePublished":"2023-12-13T21:17:46+00:00","dateModified":"2025-01-27T20:59:04+00:00","mainEntityOfPage":{"@id":"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/"},"wordCount":579,"commentCount":0,"publisher":{"@id":"https:\/\/icoholder.com\/blog\/#organization"},"image":{"@id":"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/#primaryimage"},"thumbnailUrl":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_4.jpg","articleSection":["Altcoins","Ethereum"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/","url":"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/","name":"Blockchain and Token Growth: Impact on Cryptocurrency Value","isPartOf":{"@id":"https:\/\/icoholder.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/#primaryimage"},"image":{"@id":"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/#primaryimage"},"thumbnailUrl":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_4.jpg","datePublished":"2023-12-13T21:17:46+00:00","dateModified":"2025-01-27T20:59:04+00:00","description":"Explore Blockchain and Token Growth, and how they drive impressive increases in cryptocurrency value and industry trends - IcoHolder.","breadcrumb":{"@id":"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/#primaryimage","url":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_4.jpg","contentUrl":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2023\/12\/Screenshot_4.jpg","width":831,"height":465,"caption":"Blockchain and token growth revolutionize industries, driving innovation, transparency, and decentralized value."},{"@type":"BreadcrumbList","@id":"https:\/\/icoholder.com\/blog\/blockchain-and-token-growth-impact-on-cryptocurrency-value\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/icoholder.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Blockchain and Token Growth: Impact on Cryptocurrency Value"}]},{"@type":"WebSite","@id":"https:\/\/icoholder.com\/blog\/#website","url":"https:\/\/icoholder.com\/blog\/","name":"ICOholder Blog","description":"Reliable Info about the Best Initial Coin Offerings","publisher":{"@id":"https:\/\/icoholder.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/icoholder.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/icoholder.com\/blog\/#organization","name":"ICOholder Blog","url":"https:\/\/icoholder.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/icoholder.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2025\/08\/ico-logo.png","contentUrl":"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2025\/08\/ico-logo.png","width":398,"height":214,"caption":"ICOholder Blog"},"image":{"@id":"https:\/\/icoholder.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/icoholdercom\/","https:\/\/x.com\/icoholder"]},{"@type":"Person","@id":"https:\/\/icoholder.com\/blog\/#\/schema\/person\/473536da0d427327be7084eaa9e8f881","name":"Terry Ashton","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/icoholder.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a7b19539dff29e5df6cb84d06d6b248fe449eab1463e897349bfedfcaf2a2c56?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a7b19539dff29e5df6cb84d06d6b248fe449eab1463e897349bfedfcaf2a2c56?s=96&d=mm&r=g","caption":"Terry Ashton"},"url":"https:\/\/icoholder.com\/blog\/author\/s_admin\/"}]}},"_links":{"self":[{"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/posts\/6549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/comments?post=6549"}],"version-history":[{"count":5,"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/posts\/6549\/revisions"}],"predecessor-version":[{"id":9849,"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/posts\/6549\/revisions\/9849"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/media\/6553"}],"wp:attachment":[{"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/media?parent=6549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/categories?post=6549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icoholder.com\/blog\/wp-json\/wp\/v2\/tags?post=6549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}