Analysis: L1 tokens have generally performed poorly this year, with ETH falling by over 15% and SOL falling by over 35%.

According to Castle Labs, L1 tokens have generally performed poorly this year, with TON down 73.8%, AVAX down 67.9%, SUI down 67.3%, SOL down 35.9%, ETH down 15.3%, and HYPE down 6.5%. Only BNB and TRX recorded positive gains of 18.2% and 9.8%, respectively.