Smaller Tokens Outshine Blue-Chip Cryptos in Week of Market Growth

The cryptocurrency market experienced growth last week, but smaller tokens outperformed major cryptocurrencies. Atop the list of gainers was Arbitrum (ARB), the native token of the Ethereum Layer 2 network, which surged 108% in a week.

This rise can be attributed to Robinhood Chain's sudden surge in daily fees, with 10% of these fees flowing back to the Arbitrum ecosystem. The launchpad Pons (PONS) has seen significant growth as well, skyrocketing 2200% over the last month.

Dash (DASH), a privacy-focused cryptocurrency, took second place with returns of over 70%. It reached $78, its highest level in nearly eight months. In comparison, major cryptocurrencies such as Bitcoin (BTC) and Ethereum gained only 2.80% and 3.80%, respectively.