Author: OurNetwork
Compiled by: TechFlow
Layer 1s
Sui | Aptos | TRON | TON
Sui
Biff Buster | Website | Dashboard
Sui is the fastest growing blockchain protocol in 2024, with its Total Value Locked (TVL) growing by 961.8%.
Sui is a Layer 1 (L1) blockchain that uses the Move programming language, claiming to process 297,000 transactions per second. Over the past year, Sui has shown remarkable growth. Starting on October 9th last year, Sui had a TVL of $39.6 million, with the network's Daily Active Users (DAU) under 10,000, and the $SUI price at $0.40. Since then, the Sui ecosystem has been growing at full speed, setting new highs across the board, with the TVL reaching an astounding $1.01 billion (a 2,300% increase).
As shown in the chart, Sui's Daily Active Users (DAU) grew from 19,758 on January 1, 2024 to 843,450 on October 8, 2024, a 4,169% increase, which is the highest DAU growth among all competing L1 blockchains.
On Sui, the leading dApp categories are infrastructure and social, far outpacing others. Overall, Sui dApps have driven a 3,600% year-over-year growth in daily active addresses.
Aptos
Aptos' TVL and user base grew over 4x by 2024
Aptos is another high-performance blockchain that uses the Move programming language. Since early 2024, Aptos' TVL has grown over 4x, reaching an all-time high of $668 million on October 8th, thanks to contributions from DeFi protocols like Aries Markets, Amnis Finance, and Thala. Aptos has also recently surpassed the Bitcoin mainnet, ranking 14th in TVL among all blockchains, as its user base grew 4x in 2024, soaring to 26 million unique users. Additionally, in the week ending October 1st, over 1 million new users joined the ecosystem, with monthly active users nearing 5 million. In the past week, Aptos processed over 27 million transactions, up 22% quarter-over-quarter, with a total volume approaching $2 billion.
Aptos is gaining momentum in DeFi, with around $50 million in net stablecoin bridging to the network in the past month. A monthly net inflow of $10 million demonstrates growing user confidence in Aptos, as more users leverage Aptos' scalable infrastructure for dApp development, and Tether announced plans to integrate USDT, the leading stablecoin with a market cap of $119 billion.
With 78% of the native asset staked (8.71 billion out of 11.2 billion APT), a 7% staking rate, and 149 validators distributed across 22 countries, Aptos is consolidating its role in DeFi. This global participation highlights the network's strength and the broader ecosystem's commitment to security and scalability in the DeFi space.
TRON
TRON user accounts exceed 263 million, Q3 revenue reaches $577 million
TRON is a network trusted by global developers, institutions, and individuals. The total transaction volume has now exceeded $14 trillion. Over the past 30 days, the daily transaction volume has exceeded 7.4 million, with over 263 million user accounts on the blockchain, adding an average of 237,000 new accounts daily. TRON's accessibility, coupled with the DAO's commitment to meaningful change, highlights its potential for global impact.
According to @JA_Maartun on X, "TRON consistently processes the highest actual transaction volume, at a rate of 85 TPS, surpassing its competitors: BTC (around 7 TPS), ETH (around 14 TPS), and Polygon (around 30 TPS)... The fact that TRON's actual TPS remains stable is very clear."
Over 50% of the total USDT supply (over $119 billion) circulates on the TRON network, making it the first blockchain to host a single stablecoin value exceeding $60 billion. Stablecoin trading volume reached $453.8 billion, growing 10.91% in the past 30 days, with 68.7 million transactions - an increase of 5.36% compared to the same period.
Transaction Highlights: On August 20th, Tether minted an additional 1 billion USDT on TRON, solidifying its position as the leading stablecoin blockchain with a circulating supply exceeding $61 billion, far surpassing Ethereum's $54 billion. TRON is widely used for fast, frequent transactions in emerging markets, such as remittances, micropayments, and peer-to-peer transfers.
TON
Pavel Shuvalov | Website | Dashboard
TON is heading towards the next billion Web3 users, attracting millions of Web2 users daily
In 2024, the project team launched several important tokens on TON - NOTCOIN in May, DOGS in August, and CATI, RBTC, and HMSTR in September. These tokens were airdropped to users of Telegram mini-apps running on the messaging platform. Conducting airdrops is a massive challenge for any blockchain, and TON has achieved remarkable success in this area, with all tokens exceeding 1 million holders in less than a week after their initial airdrop.
TON is the fastest-growing Layer 1 blockchain of all. Last month, TON surpassed Polygon in the number of addresses holding its tokens and is now working to catch up with TRON and BNB.
Leveraging its unique scalable architecture, TON can deploy hundreds of millions of new smart contracts in a single day.
