Layer 2 (L2) and Layer 1 (L1) tokens have spearheaded the cryptocurrency market's recovery in early October, according to recent reports. L2 tokens surged by up to 26% by October 7th, significantly outperforming other sectors such as Meme, DeFi, Gaming, and AI tokens. While L1 tokens also experienced gains, their increase was less pronounced compared to L2 tokens.
In contrast, Gaming and AI tokens faced the most substantial declines by October 8th, highlighting the varied performance across different crypto sectors. The overall market rebound was marked by the strong performance of L2 and L1 tokens, setting them apart from the more volatile and weaker sectors.
Layer 2 and Layer 1 Tokens Drive October Crypto Market Recovery
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