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Layer 1 tokens face reckoning as user growth stalls and revenues concentrate – TON BOT

Layer 1 tokens face reckoning as user growth stalls and revenues concentrate

In 2025, major Layer 1 blockchain tokens experienced significant declines despite continued developer activity, with Bitcoin being the exception. Monthly active users across leading chains fell by 25.15%, and revenue concentrated in stablecoin issuers and derivatives venues. Infrastructure tokens faced pressure into 2026 due to lack of differentiation and revenue generation paths.


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