The Delphi “L1” Index — a market index comprised of 20 leading Layer 1 crypto assets — has been trending higher since the start of 2023. Fantom (FTM) is leading the index higher, followed by Harmony (ONE), while the laggard is currently Secret (SCRT). The chart below is the “Drawups” for the index components, the mathematical inverse of the more common “Drawdowns”.