In recent developments across the crypto industry, the blockchain sector has seen a significant surge in TVL. As per Phoenix Group, a famous on-chain analytics platform, the prominent blockchains in terms of total value locked include Ethereum, Solana, Tron, and so on. The analytics provider took to social media to share the list of top blockchains in this respect.
TOP BLOCKCHAINS BY TOTAL VALUE LOCKED#ethereum #solana #tron #bsc #base #arbitrum #bitcoin #avalanche #polygon #sui #aptos #thorchain #hyperliquid #ton #optimism pic.twitter.com/kcd5wDs9Sf
— PHOENIX – Crypto News & Analytics (@pnxgrp) November 3, 2024
Ethereum Now Leads All Blockchains in Terms of TVL with a Staggering $86.3B
As per the data, Ethereum leads the market with a total value locked of up to $86.3B. Additionally, its 24-hour volume has reached $801.3M along with 326.5K active addresses. Subsequently, Solana takes the 2nd position in the list with a TVL of nearly $13.0B. This figure shows a substantial decrease from Ethereum’s TVL. Apart from that, it has a 24-hour volume of almost $1.5B with 5.6M active addresses on its platform.
After that, Tron gets the 3rd place with a great amount of $6.8B in its TVL. Moreover, it has 1.7M active addresses and $24.6M in its 24-hour volume. The 4th spot is occupied by Binance Smart Chain (BSC) as its total value locked has reached $5.9B. In addition to this, it has seen $473.3M in 24-hour volume while the number of its active addresses is 834.7K. It precedes BASE which has recorded a TVL of almost $2.6B. Along with that, its 24-hour volume has touched $657.6M. Moreover, it possesses up to 1.0M active addresses.
Arbitrum stands at the 6th place in the list with its total value locked reaching $2.5B. The blockchain reportedly has 453.1K active addresses along with $272.0M in 24-hour volume. The next blockchain in this list is Bitcoin. It has a TVL of approximately $2.2B while its active addresses have touched 690.7K in number.
SUI Bottoms the List with a $1.2B in Its TVL
The Phoenix Group’s list moves on to include Avalance as the top 8th blockchain platform. In this respect, Avalanche has recorded $1.13B in its total value locked. Furthermore, the 24-hour volume thereof has witnessed the $46.0M mark with up to 35.8K active addresses. The 9th blockchain in the list is Polygon with its TVL reaching $1.2B. It possesses 466.1K active addresses along with $1.2B in TVL. SUI reportedly has captured the 10th position with $1.2B in TVL and $99.3M in 24-hour volume.
