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Market Weekly Outlook 11 November
Jake Kennis
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Market Snapshot

  • L1 Price Performance:
    • Since the election, price action among alternative Layer 1s has been mostly positive, with RUNE, SUI, SOL, and APT leading the rally. While most Layer 1s are seeing gains, TRON and TON have lagged behind, showing relative weakness compared to others.
Source: Nansen Query
  • L2 Price Performance:
    • Layer 2s have also seen consistent gains, with METIS up 26% and STRK rising 23%, leading the sector.
Source: Nansen Query
  • DeFi Performance:
    • The DeFi sector outperformed the L1 and L2 sectors, led by ENA, AAVE, and LDO. The uncertainty and risk surrounding DeFi projects under the current administration, could be contributing to the recent repricing of DeFi assets. This...