By Jeremy Arcaro
Top Performers
- GMX (GMX): 111% YTD return, a utility and governance token within the GMX decentralized exchange (DEX) ecosystem.
- Trust Wallet Token (TWT): 92% YTD return, a utility and governance token within the Trust Wallet ecosystem.
- Unus Sed Leo (LEO): -3.5% YTD return, a token native to the iFinex ecosystem, outperforming most top-ranking assets due to the firm’s buyback pledge.
- OKB (OKB): -19% YTD return, the native token of the OKX exchange, limiting its losses compared to most top-ranking assets.
- The Open Network (TON): -33.5% YTD return, a layer-1 blockchain ecosystem with a token that recovered significantly towards year-end.
Worst Performers
- Terra (LUNA): -99.99% YTD return, a debacle resulting from the collapse of its algorithmic stablecoin TerraUSD (UST).
- FTX Token (FTT): -98% YTD return, a native token to FTX, which collapsed after a liquidity crisis.
- Solana (SOL): -93.35% YTD return, a layer-1 blockchain protocol plagued by network outages, hacks, and accusations of centralization.
- Axie Infinity (AXS): -93% YTD return, a governance token for the play-to-earn (P2E) gaming ecosystem Axie Infinity, facing challenges such as low player turnout and hacks.
- The Sandbox (SAND): -92.50% YTD return, a virtual platform where users can create and monetize gaming experiences, suffering from low user engagement and declining demand.
Other Notable Losers
Other tokens that fell more than 90% YTD include Fantom (FTM), Avalanche (AVAX), Algorand (ALGO), Decentraland (MANA), and BitTorrent (BTT).
Disclaimer
This article does not constitute investment advice or recommendations. Please conduct your own research before making any investment decisions.
Credit and Rights: MigBase.com