Recently, I analyzed the top 100 cryptocurrencies' performance over the past year, and honestly, the numbers are staggering. While Bitcoin and Ethereum are doing pretty well, many other projects in the top 100 have taken a solid hit. BTC is now down 14.79%, and ETH even gained 40.39%, but the rest? It’s a complete massacre.

Layer 2 solutions for Ethereum tell the worst story. Optimism dropped by 83.56%, Arbitrum lost 62.03%, and Starknet? Minus 74.80%. That’s below all expectations. Polygon also didn’t escape the cut — down 26.30%. Even Ordinals and MultiversX, which were supposed to be hits, are losing 67.75% and 73.77%, respectively.

Interestingly, among the top 100 cryptocurrencies, there are projects that held up better. Chainlink lost 30.73%, and Internet Computer minus 51.61% — these aren’t perfect results, but they could have been much worse. Looking at the bigger picture, the entire cryptocurrency market capitalization is experiencing turbulence, and Bitcoin’s dominance continues to grow.

If you look at a portfolio of the top 100 cryptocurrencies, it’s been a tough year. Many projects couldn’t withstand market pressure, and a large part of the losses came from the Layer 2 sector. It’s worth watching which ones bounce back first.