ascension
Kraken
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Layer 1s have plenty of sub-projects in their ecosystems which are low market cap, and can therefore do big multiples. I'll give some examples below of Layer 1s which have pumped, and the small caps that pumped alongside them.
Solana - Did a 9x from Sept 2023 to March 2024. In that same time:
1. Hubble Protocol (22x)
2. Raydium (21x)
3. Nosana (750x)
Avalanche - Did a 7.6x from Sept 2023 to March 2024. In that same time:
1. Avalaunch (14.6x)
2. Playa3ull Games (29x)
3. Pangolin (76x)
Sei - Did a 12.8x from Sept 2023 to March 2024. In that same time:
1. Kryptonite (81x)
2. Humanode (25x)
Sui - Did a 6x from Sept 2023 to March 2024. In that same time:
1. SuiPad (13.6x)
2. SuiSwap (28x)
3. Turbos (9.5x)
The way you find these small caps is by going onto DefiLlama and looking at the "Protocol Ranking" listed under every chain. For example:
Also, go to CoinMarketCap and go to "Sui Ecosystem" or "Solana ecosystem" as examples.
Solana - Did a 9x from Sept 2023 to March 2024. In that same time:
1. Hubble Protocol (22x)
2. Raydium (21x)
3. Nosana (750x)
Avalanche - Did a 7.6x from Sept 2023 to March 2024. In that same time:
1. Avalaunch (14.6x)
2. Playa3ull Games (29x)
3. Pangolin (76x)
Sei - Did a 12.8x from Sept 2023 to March 2024. In that same time:
1. Kryptonite (81x)
2. Humanode (25x)
Sui - Did a 6x from Sept 2023 to March 2024. In that same time:
1. SuiPad (13.6x)
2. SuiSwap (28x)
3. Turbos (9.5x)
The way you find these small caps is by going onto DefiLlama and looking at the "Protocol Ranking" listed under every chain. For example:
DefiLlama
DefiLlama is a DeFi TVL aggregator. It is committed to providing accurate data without ads or sponsored content, as well as transparency.
defillama.com
Also, go to CoinMarketCap and go to "Sui Ecosystem" or "Solana ecosystem" as examples.