Layer 1 blockchains serve as the foundational layer for layer 2 blockchains. They are crucial because their infrastructure supports the development of all decentralized applications. Each layer 1 blockchain has its own native cryptocurrency, which users need to utilize the network. Consequently, the value of a cryptocurrency is typically linked to the adoption of its underlying blockchain. Below are the cryptocurrencies associated with the top five layer 1 blockchains.
Ethereum (ETH) is the most renowned layer 1 blockchain after Bitcoin, widely adopted since its launch in 2015. It is often referred to as the "Internet of blockchains," as its infrastructure supports the majority of decentralized applications. This essential role is reflected in the increasing value of ETH, which ranks as the second-largest cryptocurrency by market cap, following BTC.
I choose to invest in the Layer 1 BundleSolana (SOL), established in 2020, focuses on delivering faster transaction speeds compared to its competitors. Primarily utilized in decentralized finance (DeFi), Solana's popularity is on the rise, and SOL is ranked among the top five cryptocurrencies by market cap.
Avalanche aims to be the “Internet of Finance,” simplifying the creation of decentralized finance protocols and enabling instantaneous transactions. Its cryptocurrency, AVAX, plays a critical role in the network, particularly through staking, which secures the network and offers rewards to investors.
ATOM is the cryptocurrency of the Cosmos blockchain, introduced in 2019 to solve the issue of fragmentation between different blockchains. Unlike other layer 1 blockchains, Cosmos functions as a hub that allows interoperability, enabling users to interact across different networks using the ATOM cryptocurrency.
EGLD is the cryptocurrency of MultiversX, which offers a comprehensive and user-friendly ecosystem designed to enhance the adoption of blockchain technology. With more than 11 tools (including wallets, bridges, launchpads, and metaverse options), MultiversX, previously known as Elrond, is experiencing significant growth in its user base.
I choose to invest in the Layer 1 BundleLayer 1 blockchains and their native cryptocurrencies form the cornerstone of the entire cryptocurrency ecosystem. Although they operate independently, layer 2, layer 3, and various cryptocurrencies rely on this foundational infrastructure for their growth.
Layer 1 blockchains generally offer the essential security that other layers need to introduce new features and enhance scalability. They are also the layer where consensus mechanisms are established, culminating in the execution of transactions. For these reasons, layer 1 blockchains are a favored investment choice.
Bundles encompass a selection of cryptocurrencies from the same blockchain sector. Each bundle is available with an initial distribution that you can modify to suit your preferences. You can add or remove assets and adjust their allocations as needed.
Once the Bundle is purchased, the cryptocurrencies will be available in your wallet for trading, staking, or selling individually.
Meria Bundles make it easy to choose cryptocurrencies for your portfolio while granting you the flexibility to manage your assets directly from your dashboard. Here’s a simple guide to investing:
Once your cryptocurrencies are in your wallet, you can manage them individually by trading, selling, staking, or lending, helping you optimize your investments.
✉️ If you have questions regarding how Meria Cryptocurrency Bundles function, contact our customer support, and we will respond promptly!