XDC Network surpasses polkadot in total value locked on CoinMarketCap

Blockchain platforms are pioneers in creating and managing an array of web3 functions. The industry consists of several networks that provide a novel user infrastructure. XDC Network, a platform popular for its features, surpassed kadena, polkadot, vechain, and cosmos, in total value locked (TVL), according to CoinMarketCap (CMC) data.TVL is a metric used to evaluate the potential and overall health of the project.

XDC Network combines decentralization, high-speed transactions, near-zero fees, and security. On the CMC, XDC is ranked 91st in TVL, above litecoin and polkadot.

An XDC enthusiast tweeted, saying, “it’s not always the price that defines the value of a project; rather, do your research and conclude.”

Henceforth, he contends that users should not blindly judge the value of a platform solely based on price. The real potential might be concealed by its features and the value it adds to the community.

Fastest growing blockchain networks

The blockchain industry is one of the active and fastest-growing technologies in building the future of digital infrastructure.

According to statistics, global blockchain technology is expected to increase at a CAGR of 85.9% from 2022 to 2030.

Meanwhile, by 2026 the blockchain market will be valued at $67.4b as security and easy access to financial instruments enhance blockchain adoption.

The XDC community relies on the platform’s optimized mechanism for addressing scalability, operational integrity, and interoperability challenges. With this, it aims to gradually draw more users and increase its TVL.

According to GenX Analytics, a platform that shares crypto market data insights measuring TVL metrics for the last week, STARS, XLM, and KAVA are leading with 67%, 66%, and 63% increases, respectively.

Following that, XDC is 12% high in terms of TVL metrics. This illustrates the efficacy and development of XDC in the sector, further pointing to its potential.