Three under-the-radar altcoin projects have outpaced the broader digital asset sector in recent network growth, according to data from crypto analytics firm Santiment. Santiment tracks network growth by calculating the number of newly created wallets for each project.
Cap (CAP), a covered credit application, leads the analytics firm's list with an 800% week-over-week increase in network growth. Operating as a decentralized finance (DeFi) project, Cap utilizes a digital dollar, a credit platform, and a financial guarantee market to underwrite individual loans. At the time of writing, the 225th-ranked crypto asset by market cap trades at $0.09586 and has risen 30% over the past week, according to CoinGecko data.
Ranking second on Santiment's list is Grass (GRASS), which recorded 699% week-over-week network growth. Grass operates as a network allowing users to earn rewards by sharing their unused internet bandwidth. The GRASS token is ranked 112th by market cap, trading at $0.7886 with a gain of more than 2% over the past week.
Starknet (STRK) secured third place with network growth of 469%. Starknet functions as a zero-knowledge (ZK) execution layer designed to scale Ethereum (ETH). The token is the 96th-ranked crypto asset by market cap, trading at $0.09367 and showing an increase of nearly 77% over the past seven days.
