SOL, AVAX, HNT lead the rise in digital assets this year, among which SOL has increased by more than 700% since this year

According to CoinDesk, the Layer-1 blockchain Solana (SOL) led in token price increases in 2023, closely followed by Avalanche (AVAX), Stacks (STX), and Helium (HNT). Solana has seen a significant rise since mid-October, with an increase of over 700% this year. GSR Senior Strategist Brian Rudick said: "After FTX went bankrupt, there were indeed questions about Solana's survival. However, it thrived due to increased on-chain activity, new understanding of its innovative technology and several high-profile airdrops."

 

Helium's HNT token also achieved considerable gains in 2023, most of which came in December after the company entered the mobile sector; HNT rose by 500% throughout the year. For Avalanche, many institutional partners helped boost the value of its tokens; AVAX has risen by 300% so far this year. The native token Stacks(STX) from Stacks Network saw an annual increase of 623%, surging significantly in March amid Bitcoin Ordinals craze and continuous growth on protocol TVL. According to DeFiLlama data, Stacks Network's TVL also grew substantially within this year from $6 million in January to $50 million.

 

Rudick predicts that Bitcoin and Ethereum will continue to rise next year partly because a U.S spot Bitcoin ETF may get approved which would help with capital inflow. He added: "We see that decentralized identities are welcoming a new wave of blockchain users based on plans or announced interests from China, EU countries Brazil and others." Martin stated that besides ETF attention at the beginning of New Year real-world assets will also become areas worth watching as some related foundations have been established this year but mainstream society hasn't caught up yet.