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Ethereum & Solana Lead: More On the Top 20 Blockchains by Total Value Locked (TVL)

source-logo  blockchainreporter.net 25 November 2024 17:35, UTC

Ethereum has the biggest share of the TVL pack, with Solan coming in second. Blockchain technology is still reshaping the financial sector, and some blockchains are performing better than others in terms of Total Value Locked (TVL), one of the most significant measures of blockchain’s economy. Recent statistics show that Ethereum and Solana are the market leaders, with other platforms on the rise.

The Dominant Leaders: Ethereum & Solana

Ethereum holds the throne with the TVL amounting to 65.665 billion, which is more than half (54.67%) of the total. Worldwide, it is popular because of the large number of protocols that it supports, at a cumulative 1,229.

The second place goes to Solana, which has a $9.283 billion TVL after Ethereum. Although it declined in the last trading day by 2.04 percent, it is 46.79 percent up from the last month. The high activity of over 5.66 million active addresses also shows that Solana has its place in the industry, especially for NFTs and ultra-fast transactional use cases.

Notable Contenders: Tron, BSC, and Bitcoin

Tron comes in third with $8.261 billion in TVL, experiencing a 15.50% monthly growth with 2.3 million active addresses. Fourth in place is the BSC (Binance Smart Chain), with a TVL of $5.556 billion and 880,309 active addresses. Adding to it is a diversification of its ecosystem that comprises multiple DeFi and gaming projects, resulting in a monthly growth of 20.52%.

BTC is listed as fifth, and it has a TVL of $ 4.37 billion. It has registered a one-month growth of 73.13%.

Rising Stars: Base, Arbitrum & Sui

The Base is in the sixth position, with the TVL at $3.364B. The chart also reveals a constant monthly growth of 36.42% with 1.54 million active addresses. Arbitrum, which takes the seventh place has a total value locked of $3.11 billion. All of this shows solidity and increase, with 353,800 live addresses and a 29.85% monthly increase.

Sui takes eighth place in the ranking, displaying a TVL of $1.603 billion. Notably, Sui has shown a considerable 59.33% monthly growth, which may be attributed to ecosystem growth.

Middle Ground Performers: Avalanche, Hyperliquid & Aptos

Avalanche ranked ninth with a TVL of $1.415 billion and is still growing; it has a monthly growth of 35.90% with 39,492 active addresses. Hyperliquid, with such a limited number of protocols (only 3), still has a $1.289 billion TVL; it has made an impressive 60.69% monthly gain.

Aptos is the eleventh on the list with the TVL of $1.118 billion, and it is known for its scalability that has increased the TVL for the last month by 28.86%.

Scaling Solutions & Emerging Ecosystems: Polygon, CORE & Optimism

Polygon occupies the twelfth place and has $1.092 billion in TVL and 807,108 active addresses. CORE occupies the thirteenth place by TVL, equal to $983.24 million, yet the platform demonstrated an outstanding 88.56% monthly growth, although they have only 49 protocols.

Fourteenth on the list, the optimism has scored its TVL at $781.86 million. The increase of 16.54% in a month it has gained is fueled by expanding use cases of DeFi projects leveraging the Layer 2 solutions.

Niche Blockchains with Steady Growth: PulseChain, Cardano & others

PulseChain is the fifteenth on the list with a TVL of $668.8 million. Cardano, has a Total Value Locked of $607.42 million. Mantle at 17th has a TVL of $606.01 Million an increase of 53.11% in the last 30 days.

Blast ranks eighteenth with the TVL of $596.61 million. Nineteenth in the listing is Cronos which has $595 million in TVL. Another is Bitlayer, which ranks twentieth on the list, and has a $557.9 million TVL.

Conclusion: A Dynamic and Expanding Landscape

The TVL rankings show the current activity in the constantly developing world of blockchain. The combination of major networks and new platforms shows that the development of blockchain technology is not stagnant and that there are prospects for further development in every segment.

blockchainreporter.net