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Bitcoin Cash Leads Layer-1 Tokens in 2025 on Non-Dilutive Supply

Investors reward a fully circulating supply with no unlock overhang.

Overview

  • Bitcoin Cash is up roughly 40% year to date and leads Layer-1 performance, according to data compiled by Crypto Koryo and reported by The Merkle News.
  • The token’s entire supply already circulates with no unlock schedule, no foundation treasury, and no VC allocations, reducing structural sell pressure.
  • High liquidity and relatively modest volatility are attracting funds, systematic strategies, and liquidity-driven trading models.
  • Speculation about a potential BCH exchange-traded product is noted by market watchers, though no product has been confirmed.
  • BCH’s gains contrast with lagging majors such as Ethereum, Solana, Avalanche, Cardano, and Polkadot in a 2025 market that favors mature, non-dilutive assets.