Three lesser-known altcoin projects have shown remarkable network growth compared to the wider digital asset sector, as per data from crypto analytics firm Santiment.
Santiment gauges growth by tracking the number of new wallets created on each network.
Leading the pack is CAP, a covered credit application, experiencing an 800% increase in network growth week-over-week. CAP offers a decentralized finance (DeFi) platform that incorporates a digital dollar, a credit facility, and a financial guarantee market for individual loans.
The current trading price of the CAP token stands at $0.09586, with a 30% increase in the past week, according to CoinGecko data. Ranked 225th by market cap, CAP continues to gain traction among investors.
Following closely is Grass, with a 699% surge in network growth over the week. Grass allows users to earn rewards by sharing their unused internet bandwidth. The GRASS token is currently trading at $0.7886 and has seen a 2% increase in the past week, ranking 112th by market cap.
In third place is Starknet, witnessing a 469% growth in network activity. Starknet functions as a ZK execution layer to enhance scalability for Ethereum (ETH).
The STRK token is priced at $0.09367 and has recorded a remarkable 77% surge in the past seven days, ranked 96th by market cap.
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