CoinDesk 指数 提供每日市场更新，重点关注 中领先者和落后者的表现CoinDesk 20 指数.
CoinDesk 20 目前的交易价格为 2702.73，自周一美国东部时间下午4点以来下跌了 0.8%（-22.99）。
20种资产中没有一种上涨。
领涨者：LTC（-0.3%）和 CRO（-0.4%）。
领跌者：UNI（-3.7%）和 ICP（-2.0%）。
该CoinDesk 20 是一个在全球多个地区多个平台交易的广泛指数。
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L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
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2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
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