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The <a href="https://xpertsstudio.com/zcash-etf-net-assets-reach-463-million-as-zec-nears-1200-market-cryptocurrency-market-news/” title=”Zcash ETF Net Assets Reach $463 Million as ZEC Nears $1,200 | Market Cryptocurrency Market News”>cryptocurrency market grew last week, but lesser-known, lower-cap tokens outperformed the blue-chip heavyweights.
The Table Topper
Arbitrum(CRYPTO: ARB), the native token of the Ethereum(CRYPTO: ETH) Layer 2 network, topped the charts, surging 108% in a week.
Robinhood Chain, built on Arbitrum’s technology, has seen a sudden surge in daily fees, with 10% of the fees flowing back to the Arbitrum ecosystem.
Robinhoodlaunched its Layer-2 chain in July around tokenized stocks, but memecoins have become the dominant fee driver. Pons (PONS), a memecoin launchpad, has skyrocketed 2200% over the last month.
Privacy Coins Back in Demand?
Dash (CRYPTO: DASH) bagged the second spot last week with returns of over 70% as cryptocurrency investors rotated into privacy tokens. The coin jumped to $78, its highest level in nearly 8 months.
Market heavyweights underperformed in comparison, with Bitcoin(CRYPTO: BTC), Ethereum and Solana(CRYPTO: SOL) gaining 2.80%, 3.80% and 3.50%, respectively.
Crypto Rally Continues
The overall cryptocurrency market capitalization grew nearly 4% from $2.61 trillion to $2.71 trillion last week, carrying forward the momentum from August.
“Greed” sentiment prevailed in the market, accordingto CoinMarketCap’s Crypto Fear and Greed Index.
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