Introduction
The blockchain industry continues to witness remarkable growth, with Layer 1 (L1) protocols like Sui, Aptos, TRON, and TON leading the charge. This report highlights their latest achievements in Total Value Locked (TVL), user adoption, and ecosystem development.
Layer 1 Blockchains: Performance Breakdown
Sui: The Fastest-Growing Blockchain of 2024
Key Highlights:
- 961.8% TVL Growth – From $39.6M to $1.01B within a year.
- 4,169% DAU Increase – Daily active users surged from 19,758 to 843,450.
- High Throughput – Processes up to 297,000 transactions per second using Move language.
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Ecosystem Drivers:
Infrastructure and social dApps dominate Sui’s ecosystem, contributing to a 3,600% YoY growth in daily active addresses.
Aptos: Quadrupled TVL and User Base
2024 Milestones:
- TVL Peak: $668M (October 2024), supported by Aries Markets and Thala.
- 26M Unique Users – 4x growth since January 2024.
- Stablecoin Inflows: $50M net bridged to Aptos in Q3 2024.
DeFi Integration:
Tether’s upcoming USDT integration aims to bolster Aptos’ position in decentralized finance.
TRON: Dominating Stablecoin Circulation
Network Stats:
- 263M User Accounts – 23.7K new accounts daily.
- $14T Total Transfers – 85 TPS (outperforming BTC/ETH).
- 50% USDT Supply Hosted – Over $61B stablecoin liquidity.
Q3 Revenue: $577M, driven by emerging-market transactions like remittances and micropayments.
TON: Bridging Web2 and Web3 Users
Growth Levers:
- Meme Coin Airdrops – NOTCOIN and DOGS attracted 1M+ holders each.
- Smart Contract Scalability – Millions deployed daily via Telegram integration.
- Address Growth: Surpassed Polygon, nearing BNB Chain’s scale.
Frequently Asked Questions (FAQs)
Q: What makes Sui’s Move language unique?
A: Move enables high-speed transactions (297K TPS) and secure smart contracts, ideal for scalable dApps.
Q: How does TRON handle high transaction volumes?
A: Its 85 TPS capacity and USDT dominance optimize it for frequent, low-value transfers.
Q: Why is TON gaining Web2 users?
A: Seamless Telegram integration simplifies token airdrops and onboarding.
Conclusion
The L1 race intensifies as Sui and Aptos demonstrate explosive growth, TRON cements its stablecoin leadership, and TON bridges mainstream adoption. Stakeholders should monitor these networks for emerging opportunities in DeFi and social finance.
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Data sourced from Artemis, TRONSCAN, and CryptoQuant.