Definition
The L1 Native Token Returns vs. BTC highlight the relative price performance of large L1 native tokens versus bitcoin.
Quick Take
CryptoSlate analyzed that ETH/BTC broke down to its lowest price level in the past three months and continues to underperform against BTC. Over the last fourteen days, layer-one tokens have outperformed BTC as a cohort, but Ethereum remains the worst performer. Atom has outperformed BTC by 9.7% Matic has outperformed BTC by 14.98% SOL has outperformed BTC by 3.3% DOT has outperformed BTC by 0.9% BNB has underperformed against BTC by -0.9%. ETH has underperformed against BTC by -4.45%.
Native Token Returns: (Source: Glassnode)
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