Which type of tokens had the best performance in the past week?
Market data show that in the last 7 days, a group of digital currencies by their field of activity have performed significantly and have been welcomed by investors. But which group has the best performance and what tokens does each category include?
to the Report Crypto News, in a week associated with the different performance of digital currencies, a group of tokens performed better than others. In the following, we will see which groups performed better and what projects each group consisted of.
Tokens related to overdue contracts
Tokens related to Perpetual Contracts platforms have performed best in the last 7 days and their market value has grown by almost 88%.
This group consists of protocols that provide decentralized futures contracts. Their operation is something like the instantaneous transactions of decentralized exchanges, and Perpetual Protocol and DYDX are two of the largest projects in this category.
Rebis tokens
The second group of tokens that had the best performance this week are Rebase tokens. This group belongs to a large group of tokens and includes a large number of small market value projects that try to keep the price of a token constant by adjusting its supply.
The most well-known digital currencies among Rebis tokens are the Olympus Decentralized Currency Storage Protocol and the Ampleforth StableCoin Protocol, which have risen 29 percent and fallen 1.5 percent in the past seven days, respectively. Overall, the market value of Rebis tokens has grown by 38% in the last 7 days.
Olench ecosystem tokens
The Avalanche ecosystem is growing rapidly. The protocol has recently attracted capital from large digital currency space names such as Polychain Capital and Three Arrows Capital.
“AVAX”, the native token of the Olench protocol and the 11th most valuable digital currency on the market, is the largest token in this category. Then there are the TrueUSD and Frax stable coins, which have selected the Olench from several other Chinese blocks and are ranked 84th and 201st in the market, respectively. The market value of Olench ecosystem tokens has grown by almost 33% in the last 7 days.
Tokens active in the music industry
Tokens active in the music industry, with a 31% increase in market value, are in the fourth place in this week’s top categories. This classification includes a token called Audius, which is a governing token in the decentralized music playback protocol of the same name and is somewhat better known. Odyssey is ranked 92nd in the market.
Rising price of the token and news of the investment of several famous music industry figures in the Odyssey protocol, including China Chainsmokers and Katy Perry, have contributed to the growth of this category last week.
Share tokens in the second version of Atrium
The category of share tokens in the second version of Atrium, which ranks fifth, includes tokens that allow users to raise funds in the second version of Atrium and receive rewards from the network by raising other people’s funds.
The most famous project among the active protocols in the shareholding of the second version of Atrium is Lido, whose token is called “STETH” and is ranked 44th in the market. However, Bainance Central Exchange also has a stock token called “BETH” and falls into this category. Overall, the market value of stock tokens in the second version of Atrium has grown by 20% in the last 7 days.