The data listed the top L1 tokens with outstanding price performance over the year, backed by strong fundamentals, active communities, and network upgrades.The data listed the top L1 tokens with outstanding price performance over the year, backed by strong fundamentals, active communities, and network upgrades.

Top Crypto Gainers by Year-to-Date Performance: BCH, BNB, HYPE, & TRX Lead Top L1 Tokens With Best Returns

2025/12/08 10:00
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Data reported today by market analyst Crypto Koryo identified best-performing Layer-1 tokens over the past year, an important analysis that crypto enthusiasts should keep an eye on. Layer-1 tokens are cryptocurrencies built on their respective Layer-1 blockchains, supporting the chains’ fundamental functions, decentralized applications, and network security. Despite hundreds of Layer-1 cryptocurrencies offering services in the wider on-chain market, only four tokens are top performers this year. The analyst disclosed year-to-date performance analysis of various L1 tokens, providing crucial insights into which crypto assets have gained top momentum and show future promise.

Top Layer-1 Tokens with Best Returns This Year

Bitcoin Cash (BCH)

At the top of the list is Bitcoin Cash (BCH), a cryptocurrency launched in 2017 as a Bitcoin hard fork, focusing on rapid, low-cost transactions as peer-to-peer digital cash. As per the data, BCH is the highest-performing L1 token with a price growth of 38% over the past year, making it at the top of the list, beating the performance of all other Layer-1 tokens. Key catalysts behind Bitcoin Cash’s price growth include a tighter token supply, which coincides with the stronger market performance, and anticipations of a potential ETF launch.  

Binance coin (BNB)

BNB is the second-best-performing Layer 1 token this year as its price has increased by 29% in the last 12 months. This remarkable surge in BNB’s price is not from speculation but supported by the BNB Chain’s network growth. The token’s burn program has significantly tightened BNB’s circulating supply over time, while Binance’s global user base is also another key contributor. 

Hyperliquid (HYPE)

Hyperliquid (HYPE), a decentralized perpetual exchange (DEX) running on top of a high-performance Layer-1 (L1) blockchain, has also been showing its prominence as its token’s price surged 23% over the past 12 months. This remarkable rise of Hyperliquid’s native token, HYPE, has been due to substantial interest from both DeFi investors and traders in the decentralized exchange platform. The growth has been propelled by an interplay of the network advancements, traders (and investors) using assets as margin to maximize capital efficiency on the platform, and Hyperliquid’s commanding presence in the decentralized perpetual trading sector.

Tron (TRX)

Fourth on the list is Tron (TRX), an EVM-compatible Layer 1 blockchain designed to power fast payments and various decentralized applications (dApps) without intermediaries. With a price increase of 14% in the past 12 months, TRX shows outstanding performance, outperforming other Layer-1 tokens. The momentum has been fueled by increasing transactions on the Tron network and its increasing market share in the stablecoin sector.

Lessons To Learn from This Analysis 

This market analysis, as reported by the analyst, hints that when it comes to investing in cryptocurrencies, it’s crucial for investors and traders to keep an eye on year-to-date performance and consider the long-term potential. Crypto assets identified above – BCH, BNB, HYPE, and TRX – are all robust performers that display strong combinations of rapid transaction processing, innovation, and real-world applications. 

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HashKey's IPO is imminent: Targeting the golden age of digital assets and building a benchmark for a compliant ecosystem in Asia.

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Original author: Ho Mo-cheung, Hong Kong 01 With a clearer global regulatory framework, increased institutional participation, and breakthroughs in underlying blockchain technology, the digital asset market is transitioning from an "early stage of experimentation" to a new phase of "institutionalized development." According to Frost & Sullivan data, from 2024 to 2029, the global onshore digital asset trading volume will achieve a CAGR of 48.9%, the tokenization services market will see an even higher CAGR of 94.8%, and the digital asset management services market will achieve a CAGR of 54.5%, indicating that the industry is entering a long-term, sustainable structural expansion cycle. In this round of structural upward cycle in the industry, compliance, licensing, and security have become the core elements that institutions and new funds are most concerned about. As a leading integrated digital asset company in Asia, HashKey, with its compliance-first strategic layout and business ecosystem covering the entire chain, is becoming a core bridge connecting traditional finance and the digital economy, standing at the starting point of the value enhancement cycle. Recently, with HashKey passing the Hong Kong Stock Exchange's listing hearing, its Hong Kong IPO will soon commence. This leading integrated digital asset group in Asia is showcasing the systemic value of its compliance moat, technological capabilities, and comprehensive ecosystem to the capital market. Industry insiders generally believe that HashKey's IPO will be a significant milestone in the institutionalization of digital assets in Hong Kong. Compliance as the foundation, and a synergistic ecosystem of business operations to create systemic advantages. In the digital asset field, compliance and security remain the primary principles determining a company's long-term development. As global regulatory frameworks rapidly improve, licenses and compliance capabilities have transformed from bonuses into core credentials for companies to expand their business scope and secure incremental institutional funding. Especially in high-barrier-to-entry sectors such as custody, RWA, and institutional asset management, regulatory approval is a direct ticket to the game and the only way to build competitive barriers. This is why HashKey has prioritized compliance since its inception, building a global compliance system covering core markets such as Hong Kong, Singapore, and Japan. As the first virtual asset trading platform (VATP) in Hong Kong simultaneously authorized to serve both retail and institutional investors, HashKey currently holds 13 cross-regional licenses, forming a regulatory moat that is difficult to replicate. Furthermore, the company's annual internal control audits have passed international certifications such as SOC 1 (Type 2), SOC 2 (Type 2), ISO27001, and ISO27701. Since its operation, it has maintained an industry record of "zero customer fund losses and zero on-chain penalties," laying an unshakeable foundation for its long-term credibility. Technology empowers growth from self-use to spillover effects, expanding the boundaries of growth. Based on this compliant platform, HashKey has built a full-chain business ecosystem of "transaction facilitation + on-chain services + asset management" and is rapidly expanding its market leadership. According to the prospectus, as of August 31, 2025, the transaction facilitation business accounted for 75% of the Hong Kong market share, with a cumulative spot trading volume of HK$1.3 trillion; the on-chain service staking scale exceeded HK$25 billion; the asset management scale exceeded HK$8 billion, and the return rate of its funds exceeded 10 times. All three segments rank first in Asia. More importantly, this integrated business is not simply a combination, but a self-reinforcing network that grows stronger with continued operation. Its flywheel effect manifests in: on-chain services providing tokenization tools for projects and institutions; exchanges handling distribution and circulation needs; and asset management accumulating long-term capital and meeting incremental demand. These three elements serve as entry points and reinforce each other, forming a positive value loop that continuously expands HashKey's ecosystem stickiness and market competitiveness. From compliance systems to technology platforms, and then to multi-business collaboration, HashKey is no longer just a trading platform, but a core hub for building Asia's digital asset infrastructure. On its technological foundation, HashKey has built a high-performance platform specifically designed for institutional scenarios: capable of supporting up to 50,000 transactions per second, with dynamic scaling capabilities, sufficient to handle periodic traffic surges and ensure stable and smooth transactions even under extreme market conditions. At the underlying level, the company's self-developed HashKey Chain—an Ethereum Layer 2 network for financial institutions—has become the technological carrier for key scenarios such as RWA tokenization, stablecoins, and DeFi applications, and has been selected by numerous financial institutions, gradually becoming the infrastructure for on-chain and off-chain asset flows. More noteworthy is that HashKey's technological capabilities have begun to be exported to external financial and technology institutions, creating a cross-market growth spillover effect. For example, it has partnered with Coins.ph to export its underlying technology and liquidity capabilities to create a licensed cross-border remittance channel; it has partnered with securities firms such as Victory Securities to launch compliant integrated account solutions; and it has partnered with Standard Chartered Bank, ZA Bank, and others to provide 24/7 fiat currency deposit and withdrawal services. This "technology infrastructure spillover" model has essentially expanded HashKey's growth boundaries from a single platform business to a broader regional fintech market, bringing more flexible long-term growth potential than the trading business, and also enabling it to establish a clear leading position in the Asian digital asset infrastructure race. With the accelerated implementation of scenarios such as RWA, stablecoins, on-chain clearing and payments, companies that possess both compliance access and underlying technical capabilities will capture the next long-term dividends of the entire industry. HashKey's early deployment in this direction is essentially opening up growth potential far exceeding its current scale. Ecological effects are beginning to emerge, and growth is entering a period of acceleration. As its business ecosystem gradually takes shape, HashKey's growth has entered a period of accelerated development, and the ecosystem's amplifying effect is fully unfolding. Financial data has already shown a clear structural upward trend: Total revenue increased from HK$129 million in 2022 to HK$721 million in 2024, a 4.6-fold increase in two years; the Hong Kong station launched in 2023 became a new engine, with Hong Kong revenue increasing by 58% year-on-year to HK$89 million in the first half of 2025. In terms of revenue structure, transaction facilitation services have become the main driver of growth, contributing 71.8% in 2024. Meanwhile, high-margin on-chain services and asset management services continue to provide stable cash flow, forming a virtuous cycle. Increased revenue has driven rapid expansion of gross profit: gross profit increased from HK$125 million in 2022 to HK$533 million in 2024, representing a CAGR of 106%; adjusted net loss also narrowed further from HK$400 million in 2022 to HK$376 million in 2024. Overall, the company's multiple advantages in compliance, technological capabilities, and ecosystem layout have built a significant comprehensive competitive barrier, firmly securing its core position in the Asian digital asset market. In the context of the deep integration of traditional finance and the digital economy globally, companies that integrate compliance, technology, and infrastructure will reap the greatest cyclical benefits. HashKey's strategic layout aligns perfectly with this wave of industrial structural migration, and its technology spillover, ecosystem expansion, and first-mover advantage in compliance are demonstrating its true long-term value to the market. In the Asian market, HashKey's strategic position deserves a more imaginative reassessment, and its growth potential is far from being fully realized. In particular, against the backdrop of digital assets becoming institutionalized, this not only represents a new stage in the company's development but also symbolizes a new trajectory that Hong Kong is forging in the global financial landscape. Original article URL: HashKey's IPO is imminent: Anchoring the golden age of digital assets, building a benchmark for compliance ecosystem in Asia | Hong Kong 01 https://www.hk01.com/article/60300961?utm_source=01articlecopy&utm_medium=referral
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PANews2025/12/08 11:15