1️⃣Solana
Ultra-fast, low-fee L1 powering consumer apps, DeFi, and memecoins. Explosive user growth and strong developer activity make it a momentum chain to watch in 2025.
- blazing throughput and low fees
- growing consumer adoption
- vibrant DeFi and NFT activity
- strong developer tooling
- major ecosystem funds and partnerships
- active airdrop cycles
- historical outages
- ecosystem concentration risk
- regulatory uncertainty
2️⃣Ethereum
The settlement layer of crypto with unmatched security and liquidity. Upcoming upgrades and L2 expansion continue to strengthen its moat.
- largest developer ecosystem
- deep liquidity and institutional mindshare
- staking yields via liquid staking
- L2 growth flywheel
- strong tooling and standards
- gas can spike during peak demand
- slower UX versus monolithic chains
- fragmentation across L2s
3️⃣EigenLayer
Restaking unlocks new crypto-economic security for services while boosting ETH capital efficiency. Catalysts include AVS launches and evolving reward mechanisms.
- powerful new primitive
- large TVL growth
- strong research-driven team
- ETH-aligned incentives
- smart contract and slashing risks
- uncertain long-term token economics
- regulatory and rehypothecation concerns
- composability risks with LSTs
4️⃣TON
Layer-1 integrated with Telegram, bringing crypto to hundreds of millions of users. Rapid growth in wallets, mini-apps, and gaming.
- massive Telegram distribution
- fast UX for mobile
- growing ecosystem of mini-apps
- strong marketing tailwinds
- validator concentration concerns
- heavy reliance on a single platform
- opaque token distribution history
- regulatory exposure
- tooling still maturing
5️⃣Celestia
Modular data availability layer enabling cheaper, scalable rollups. A core bet on the modular thesis for the next cycle.
- specialized DA lowers costs
- strong developer interest in modular stacks
- wide rollup design space
- credible research origins
- complex architecture for newcomers
- adoption depends on rollup traction
- token utility still being proven
- competition from Ethereum DA and others
- revenue models early