Dash Beat Bitcoin, Ethereum and Solana Last Week and Sprang to Take Place in Top 3 Gainers: Here's the Co

The cryptocurrency market grew last week, but lesser-known, lower-cap tokens outperformed the blue-chip heavyweights.

The Table Topper

Arbitrum (CRYPTO: ARB), the native token of the Ethereum (CRYPTO: ETH) Layer 2 network, topped the charts, surging 108% in a week.

Robinhood Chain, built on Arbitrum’s technology, has seen a sudden surge in daily fees, with 10% of the fees flowing back to the Arbitrum ecosystem.

Robinhood launched its Layer-2 chain in July around tokenized stocks, but memecoins have become the dominant fee driver. Pons (PONS), a memecoin launchpad, has skyrocketed 2200% over the last month.

Privacy Coins Back in Demand?

Dash (CRYPTO: DASH) bagged the second spot last week with returns of over 70% as cryptocurrency investors rotated into privacy tokens. The coin jumped to $78, its highest level in nearly 8 months. 

Market heavyweights underperformed in comparison, with Bitcoin (CRYPTO: BTC), Ethereum and Solana (CRYPTO: SOL) gaining 2.80%, 3.80% and 3.50%, respectively.

Crypto Rally Continues

The overall cryptocurrency market capitalization grew nearly 4% from $2.61 trillion to $2.71 trillion last week, carrying forward the momentum from August.

“Greed” sentiment prevailed in the market, according to CoinMarketCap’s Crypto Fear and Greed Index.

Photo: Sebastian Duda on Shutterstock.com

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