Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

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Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

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Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

market maker.png

Crypto Market Maker: Boosting Trades With Strategic Liquidity

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

Check Out the Latest Prices, Charts, and Data of 

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

Beginner

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SEC Chair Gary Gensler to Resign on Inauguration Day, Marking a Win for Crypto Lobby

Bybit Learn

Investing

From veterans like Ethereum and Polkadot to up and coming projects like Aptos, these are the best layer 1 crypto projects to invest in during the bear market.

If you're searching for the best crypto to invest in during the bear market, you’ll first want to understand how to differentiate crypto projects from one another. Many of the best cryptos to invest in are Layer 1 cryptos, which include platforms like 

. The issue with these platforms is that they 

In recent years, developers have created 

 for consensus and security. With Layer 2 protocols in place, Layer 1 

 have become less of an issue. We’ll take a closer look at some of the best Layer 1 cryptos to invest in during the bear market.

The term “Layer 1” refers to the initial layer of a crypto ecosystem or platform. For instance, Ethereum is currently considered a Layer 1 blockchain, with Layer 2 projects that have been placed above it for added functionality.

Layer 2 projects, which can be placed on top of Layer 1 blockchains, include everything from 

 (DeFi). In most cases, Layer 1 is the base layer and primary security provider for the entire network. During a bear market, when many cryptocurrencies and projects are declining in value, it's highly recommended that you get back to the fundamentals by placing your investments into 

A smart contract platform typically consists of three components, which include security, decentralization and scalability. However, having all three of these components is very difficult (hence, the 

). Many smart contract platforms have two of these components firmly in place but are relatively weak when it comes to the third.

Platforms like Bitcoin and Ethereum are considered to be decentralized and highly secure but aren't necessarily scalable. In comparison, a platform like 

 has issues with decentralization but is considered to be scalable and secure. Ethereum — due to its popularity for creating DApps — has experienced such difficulties with scaling that they’ve needed to charge higher fees to cover the expenses. In return, many users have chosen to invest in other platforms. (Note: 

, Ethereum’s long-awaited upgrade, is ongoing at the time of this article’s writing.)

As the first system that's built in a blockchain, Layer 1 is able to perform standard functions, such as performing transactions. While the following Layer 1 list includes more than a dozen of the best smart contract platforms, Bitcoin is still the most common Layer 1 cryptocurrency. Layer 2 cryptos are protocols that are built directly on top of the Layer 1 structure for the purpose of resolving cost and speed issues. Two examples of Layer 2 blockchains include on Bitcoin are the 

. On the Ethereum side, examples of Layer 2 blockchains would include 

What Are the Best Layer 1 Crypto Projects?

If you want to know which crypto to buy now, the following list of Layer 1 cryptocurrencies takes a comprehensive look at 18 of the best Layer 1 cryptos to invest in. Every coin in this list has proven to be popular among crypto investors.

 is currently the most popular and widely used currency. It's considered to be among the best cryptos to invest in because of its high value and lengthy history, as well as its original status as the most notable form of digital cash. 

Currently, Bitcoin has the highest amount of liquidity among all cryptocurrencies, which means that no one has difficulty selling or purchasing Bitcoin. Even though Bitcoin experiences volatility as part of a volatile asset class, it's among the most stable options available to investors, which places it among the best Layer 1 cryptos. Note that although Bitcoin operates on a 

 (PoW) consensus, it’s considered to be the best crypto to invest in because of its sizable market share.

 is considered to be the very first smart contract platform, and it has the largest market capitalization among all such Layer 1 networks. As such, it's considered one of the best Layer 1 crypto projects to date.

 (EVM), a decentralized computer that developers interact with while creating smart contracts. (Other Layer 1 networks in this list, such as Avalanche and Binance Smart Chain, are EVM compatible as well.)

Because of this compatibility, many other cryptocurrencies are based on the code that Ethereum uses, which allows developers to implement their projects on numerous blockchains. Even though Bitcoin is the most widely used currency on this Layer 1 list, Ethereum has a strong ecosystem and is considered to be the most decentralized Layer 1 currency, which makes ETH one of the best cryptos to invest in.

As the most hype-filled project of 2021, 

 certainly has the potential to become one of the best Layer 1 crypto projects of all time because of its unique consensus mechanism. Transactions are timestamped when placed in a completely new block within the chain. Along with supporting smart contracts and a range of DApps, Solana is considered to be a high-performance blockchain. Its goal is to maximize efficiency, which makes Solana as one of the best smart contract platforms. 

It can process a maximum of 65,000 TPS which is considered one of the fastest in DeFi. This was one of the leading factors along with the Ethereum killer narrative that pumped its native token SOL by 17055% in 2021. Since then it has retraced to local lows which makes it attractive and affordable to investors that were interested in Solana before.

 is another EVM-compatible blockchain that aims to solve the scalability issues that have plagued Ethereum. This platform uses the C-chain as a proprietary network chain, similar to the EVM. By using the C-chain, developers are able to create smart contracts built with Ethereum in mind, which makes Avalanche among the most versatile cryptos in this Layer 1 list.

The C-chain comprises two additional blockchains: The Platform Chain and the Exchange Chain. When these chains work on specialized tasks, it's possible for the network to become more efficient and scalable, which is why Avalanche is one of the best Layer 1 cryptos. Additionally, the network has expanded to include subnetworks which work similarly to sharding Ethereum 2.0. Avalanche is well on the way to its goal of becoming a worldwide asset exchange.

 is another Ethereum-compatible platform. It offers a native token known as ATOM. This platform is application-agnostic, which means that it's fully interoperable with the Ethereum mainnet and similar 

 ecosystems. The platform's interoperability makes it among the best cryptos to invest in. Cosmos focuses on providing features that aren't available on Ethereum.

Since developers can launch Ethereum applications on the Cosmos platform without needing to rewrite code, it’s proven to be popular among developers and investors alike. Additionally, the network will be deploying interchain 

which will drive more use cases for ATOM. Cosmos aspires to be at the forefront of decentralized finance, which makes this currency unique among the other cryptos in this Layer 1 list.

, an open-source blockchain, enables separate blockchains to become fully interconnected via the creation of 

. Every chain that's created on the Polkadot platform is made with a modular framework, which is ideal for developers. Polkadot focuses on transparent governance, upgradeability and scalability, the latter of which is absent from many cryptos in this Layer 1 list.

Polkadot's native token is known as DOT, which is used to incentivize uses in the 

. One notable advantage of using this platform is that developers use a shared security system, which means that they don't need to take steps to bring in validators or miners for security. Polkadot is among the best Layer 1 cryptos because of its large market cap which positions it as a top-ten coin.

, an ERC-20 token that's positioned on the Ethereum blockchain, is the primary coin associated with the Crypto.com exchange. The purpose of this coin is to accelerate and fuel the mass adoption of cryptocurrencies, which makes it among the best Layer 1 cryptos. CRO comes with a high APY interest rate for staking via 

Members also get relatively high discounts on exchange fees. If you decide to opt into a syndicate event, you can purchase numerous cryptocurrencies at a 50% discount. Keep in mind that holding a specific amount of the CRO currency gives you access to additional features and perks, which mainly include high-interest rates when 

the coin. Some investors find CRO as one of the best cryptos to invest in because of its reward system.

 aims to be a competitor to Ethereum, with a focus on scalability as well as ease of use. The platform's scalability is centered around two distinct layers of technology, which include technologies for transferring value and tracking ledger balances.

Its native token, ADA, soared in market cap to become one of the best Layer 1 cryptos after their 

 which introduced smart contract capabilities for developers to build DApps and NFTs. The network is set to undergo another upgrade on September 22. The 

 enhances its speed and scalability which brings Cardano one step closer as an 

At the moment, Cardano has an existing supply of around 33.8 million. If you're wondering which crypto to buy now, ADA is a great investment because it can be used as a 

 (BSC) is another EVM-compatible platform. It offers low fees of around $0.15 per transaction and discounted fees on its native exchange. Even though the BSC network comprises some centralization, its native token BNB facilitates quick and affordable transactions on a secure network.

, it makes BNB among the best Layer 1 cryptos. Some investors believe that BSC offers better performance than Ethereum, even though it relies on the Ethereum developer community. Along with affordable transactions, BSC has quick adoption rates, while also accommodating bridging, which facilitates easy token migration.

 is an open-source blockchain that supports the creation of DApps. NEAR is secure, highly capable and intuitive.

This crypto platform uses sharding technology to allow for infinite scalability. Smart contracts are fully compatible, and gas fees are considerably lower when compared to those on Ethereum. NEAR also works as a storage layer which developers can pay to maintain their 

It also has a Layer 2 scaling solution that is compatible with Ethereum called Aurora. It relies on the speed and scalability of the NEAR blockchain with the reach of Ethereum. This lets developers build DApps compatible with Ethereum at a cheaper cost without changing the code base. It also makes it easier to scale without worrying about expensive gas fees and other drawbacks that come with Ethereum. 

This makes NEAR attractive to investors as the protocol implements new features such as its stablecoin USN that provides additional use cases to NEAR.

 is hyped up to be one of the best Layer 1 crypto projects thanks to its goal of becoming the "nervous system" for any smart cities developed in the future. With prolific developer Andre Cronje ponce at the project's helm, many investors were excited for Fantom's advanced distributed ledger technology that could power an array of smart services.

 technology to provide additional scalability while also facilitating instant crypto transactions. The inclusion of a high-performance virtual machine means that smart contracts are easy to create and deploy. The Fantom Foundation has plans to release their Fantom Virtual Machine  (FVM) next year, which will have Solidity compatibility and parallel processing.

Currently, you can use the FTM token for governance, staking and paying fees. FTM has a market cap of more than $675 million and has been relatively inexpensive since its decline at the start of this year.

 is a popular blockchain that was founded in 2017 but only launched its ALGO token later in 2019. Algorand is based on a PoS mechanism and is considered to be more secure than some other PoS platforms, which makes it the best among Layer 1 cryptos.

Validators on the Algorand platform are selected at random, which makes it almost impossible to predict who will be the best-performing validator. The primary benefits of investing in ALGO and using the Algorand platform include complete decentralization, less time needed for verification, 

, an experienced team and a low potential for hard forks.

 is a decentralized platform with a focus on bridging decentralization and scalability. While Harmony was among the best Layer 1 crypto platforms in 2021 due to the soaring popularity of GameFi DApp, DeFi Kingdom. Their native token ONE cannot be mined, but rather staked to earn rewards. To do so, you’ll need to have the Harmony One extension installed into your web browser, which lets you perform transactions.

Harmony One has improved some of the weaknesses that exist in blockchain technology and has already cultivated a lengthy list of partnerships across many industries. Harmony One has a market cap of more than $250 million.

 is a highly popular smart contract platform that aims to deliver extensive scalability options through the use of sharding technology. The native token of this crypto platform is EGLD, which was initially launched on the Binance DEX. It's believed that Elrond eGold is around 1,000 times more scalable than Ethereum.

If you're wondering which crypto to buy now, EGLD is a great option because of its fast transaction speeds, superior network security and strong DApp ecosystem. EGLD has a market cap of nearly $1.4 billion, with a single coin worth approximately $60 and a circulating supply of more than 22 million EGLD.

 is a carbon-negative network that acts as a distributed ledger for transaction fees and payments of all types. This includes in-app payments, micropayments and even network protection. It uses a technology called the directed acyclic graph (DAG). This technology allows the network to achieve lightning-fast transaction speeds of up to 10,000 transactions per second (TPS) with low fees of only $0.0001 per transaction.

Hedera is also 885,000 times more energy efficient than Bitcoin. Users burn just 0.001 kilowatt-hours of energy per transaction, compared to transactions in Bitcoin that consume 885 kWh of energy. Due to this carbon-negative nature, many energy-conscious individuals have speculated for Hedera to be one of the best Layer 1 crypto projects in the near future once it gets mainstream adoption.

 that provides users with complete control over their transactions. The XMR token is also considered to be completely fungible. If you decide to invest with the Monero platform, you'll discover that it's possible for transactions to be linked and that addresses cannot be tracked.

This platform doesn't come with a block limit and is considered to be dynamically scalable. In the event that the Monero supply ever runs out, a continuous supply of 0.3 XMR will be available to further incentivize miners. Users are able to make transactions visible to other users, which means that Monero can be audited by officials for any sign of foul play.

 is a unique crypto project that's outfitted with a new payment protocol meant to streamline international payments. Its XRP token acts as a cryptocurrency, as well as powering this digital payment network that accommodates financial transactions.

The two primary reasons to use Ripple as your Layer 1 crypto project of choice include affordability and a high market cap of $35 billion. As a payment processor and currency exchange, Ripple uses XRP to facilitate transactions and competes with traditional payment validation and remittance systems like Swift, ACH, and Payoneer. This makes XRP an investment with huge potential should they succeed in taking market share from the traditional payment companies.

is a brand new blockchain that's pegged to be one of the best as it was created to compete against other best Layer 1 crypto projects like Solana. The cryptocurrency promises users increased scalability, security, usability and reliability over other Layer 1s.

While Aptos is still in the early stages of planning, experts are already beginning to talk about the Aptos blockchain as it has raised millions of dollars from investors. The blockchain is based on the Diem blockchain initiative (from Meta) that was abandoned.

The network plans to launch its native token APT in Q4 2022, which makes the launch of Aptos highly anticipated. This is a project that you might want to keep an eye out for. If the launch is successful, we could see APT explode just like what happened to SOL previously.

Where to Buy the Best Layer 1 Crypto Projects

Now that you have a good idea of some of the best Layer 1 cryptos on the market, you'll need to know where to purchase them. If you're interested in buying BTC, you can do so on platforms like 

, which is a popular cryptocurrency exchange that currently boasts more than six million members. Purchasing cryptocurrencies like BTC on Bybit is simple and straightforward.

Bybit has a sleek and intuitive interface that's designed to streamline the process of buying Bitcoin and other currencies detailed in this Layer 1 list. There are several methods you can use to buy Bitcoin on Bybit, which include credit or debit cards, or trading other cryptos for Bitcoin.

The steps for buying Bitcoin or other cryptos on this Layer 1 list depends on the device that you're using. Depending on the device that you’re using, you can purchase your cryptocurrency via the Bybit mobile app or web page. Follow the steps below to use the Bybit App:

Once you've obtained your Bitcoin, you can choose to hold it, trade it, or stake Bitcoin through the Bybit platform. The Bitcoin that you hold will be stored in your Bybit account and can be accessed at any time through the Bybit web page or mobile app.

If you want to trade Bitcoin, Bybit accommodates many trading pairs via our derivatives and spot markets. You can also stake your Bitcoin in order to increase your investment portfolio’s digital assets. Finally, 

 allows you to earn a fully guaranteed APY. You can also choose to stake or unstake your Bitcoin holdings whenever you want.

Now that you've gained some understanding of the best available smart contract platforms and Layer 1 cryptos, you now have a better idea of which crypto projects are fundamentally strong and deserve your investment. Each of the 18 projects detailed in this Layer 1 list has proven to be popular among crypto investors and stand out for specific reasons. With this educational piece on the best Layer 1 crypto projects, we hope you're better able to make investment decisions after doing your own research.

Best Layer 1 Crypto Projects To Invest In During the Bear Market

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