In recent developments in the crypto industry, the blockchain sector has seen a significant increase in TVL. According to Phoenix Group, a famous on-chain analytics platform, the prominent blockchains in terms of total locked value include Ethereum, Solana, Tron, and so on. The analytics provider took to social media to share the list of best blockchains in this regard.
TOP BLOCKCHAINS LOCKED BY TOTAL VALUE #ethereum #solana #tron #bsc #base #arbitrum #bitcoin #avalanche #polygon #sui #aptos #thorchain #hyperliquid #ton #optimism pic.twitter.com/kcd5wDs9Sf
– PHOENIX – Crypto News & Analysis (@pnxgrp) November 3, 2024
Ethereum now leads all blockchains in terms of TVL with a whopping $86.3 billion
According to the data, Ethereum leads the market with a total value of up to $86.3 billion. Moreover, the 24-hour volume has reached $801.3 million, along with 326.5K active addresses. Then Solana takes the 2i.e position on the list with a TVL of almost $13.0 billion. This figure shows a substantial decline compared to Ethereum’s TVL. Apart from that, it has a 24-hour volume of almost $1.5 billion with 5.6 million active addresses on its platform.
Then Tron gets the 3rd place with a large sum of $6.8 billion in its TVL. Additionally, it has 1.7 million active addresses and $24.6 million in 24-hour volume. The 4e The spot is taken by Binance Smart Chain (BSC) as its total locked value has reached $5.9 billion. In addition, it has seen $473.3 million in 24-hour volume, while the number of active addresses stands at 834.7 thousand. It precedes BASE, which has recorded a TVL of almost $2.6 billion. In addition, 24-hour volume has reached $657.6 million. Moreover, it has up to 1.0 million active addresses.
Arbitrum is on the 6e place in the list with a locked total value of $2.5 billion. The blockchain reportedly has 453.1K active addresses along with $272.0M in 24-hour volume. The next blockchain on this list is Bitcoin. It has a TVL of about $2.2 billion, while the number of active addresses has reached 690.7K.
SUI is at the bottom of the list with a TVL of $1.2 billion
Phoenix Group’s list continues with Avalance in the top 8e blockchain platform. In this regard, Avalanche has registered a total value of $1.13 billion. Furthermore, its 24-hour volume has witnessed the $46.0 million with up to 35.8K active addresses. The 9e blockchain in the list is Polygon, whose TVL reaches $1.2 billion. It has 466.1K active addresses and $1.2 billion in TVL. SUI reportedly captured the 10e position with $1.2 billion in TVL and $99.3 million in 24-hour volume.