There are tons of of blockchains yearly created and utilized in varied industries akin to crypto, gaming, actual property, provide chain administration, and healthcare.
The blockchain business is presently valued at $27.84 billion and is predicted to develop to $825.93 billion by 2030. Amongst these blockchains are these with a excessive person base value billions and thousands and thousands of {dollars}.
What are the highest ten blockchains in 2024 and what units them other than different blockchains? This text will reply these questions with the statistics of what makes these blockchains the highest 10 blockchains in 2024.
NOTE: These statistics for the highest ten blockchains are primarily based on TVL (Whole Worth Locked) on the blockchain, a metric used to measure the entire worth of digital belongings.
1. Ethereum
Launched in 2013, Ethereum is among the many oldest and best-established blockchain platforms. It creates a very decentralized blockchain equal of the Bitcoin blockchain community.
The Ethereum blockchain tops the listing with a TVL (Whole Worth Locked) of $58.1 billion, representing 59% of the entire TVL.
The Ethereum group has moved from a proof of labor (PoW) consensus course of to a extra power environment friendly proof of stake (PoS) course of.
The Ethereum platform has been extensively adopted by technologists who construct decentralized purposes (dApps) on the Ethereum community.
2. THE THRONE
TRON is a public blockchain that serves because the underlying infrastructure for builders to create sensible contracts and decentralized purposes, in addition to freely publish, personal, and retailer knowledge and knowledge.
TRON, a blockchain-based decentralized working system with sensible contract performance, is in second place with a TVL (Whole Worth Locked) of $8.5 billion, representing 8.56% of the entire TVL.
Justin Solar developed Tron in March 2014 and has been managed and overseen by the non-profit TRON Basis since 2017. It began as an ERC-20 token primarily based on Ethereum earlier than migrating to its community in 2018.
3. Salt water
Solana emerges is a high-performance blockchain platform designed for decentralized purposes and cryptocurrencies that boasts a singular structure generally known as the Solana Protocol, which makes use of a mix of Proof of Historical past (PoH) and Proof of Stake (PoS) mechanisms to attain unprecedented outcomes. scalability and velocity whereas sustaining a safe and decentralized community infrastructure.
Solana has a Whole Worth Locked (TVL) of $5.45 billion, representing 5.54% of whole TVL.
Solana's structure is designed with effectivity in thoughts, leading to minimal transaction prices even throughout peak community site visitors. This makes it enticing to each builders and customers, particularly within the DeFi area.
4. BSC (Binance Sensible Chain)
Binance Sensible Chain (BSC) is a blockchain expertise created by the cryptocurrency change Binance. It seeks to supply a quick and low cost various to Ethereum for constructing decentralized purposes and sensible contracts.
Binance has a TVL (Whole Worth Locked) of $4.794 billion, which is 4.87% of the entire TVL.
BSC rapidly turned standard for DeFi initiatives as a result of low transaction prices and quick affirmation occasions. Many main DeFi protocols, together with decentralized exchanges and income farming websites, began on BSC.
5. Arbitration
Developed by Offchain Labs, Arbitrum is a scalable Layer 2 blockchain platform that makes use of Roll-up expertise to considerably improve Ethereum transaction throughput whereas sustaining excessive safety and decentralization.
Arbitrum is fifth on the listing with a Whole Worth Locked (TVL) of $3.191 billion, representing 3.24% of the entire TVL.
The platform will enable builders to run unmodified Ethereum Digital Machine (EVM) contracts and transactions on the second layer whereas leveraging the distinctive safety of the primary layer of Ethereum.
It’s designed to handle among the shortcomings of present Ethereum-based sensible contracts, akin to low effectivity and excessive execution prices, which damage Ethereum's person expertise and sometimes make transactions costlier.
6. Base
Base is an Ethereum Layer 2 (L2) chain that gives a safe, cost-effective, and developer-friendly strategy to on-chain building. The bottom is L2 primarily based on OP Stack coupled with Optimism.
Base has a Whole Worth Locked (TVL) of $1.705 billion, which is 1.73% of the entire TVL.
Base means that you can simply construct decentralized purposes with entry to Coinbase merchandise, customers and instruments. Base intends to be decentralized, permissionless, and accessible to everybody to construct an ordinary, modular, system-agnostic superchain primarily based on Optimism.
7. Blast off
Blast Blockchain is an optimistic Ethereum Digital Machine (EVM) appropriate roll-up resolution constructed on high of Ethereum to extend scalability and effectivity.
Based in November 2023 by the group that created Blur, the main NFT market, Blast rapidly gained traction with its novel strategy to native layer 2 income technology.
Blast has a TVL (Whole Worth Locked) of $1.202 billion, representing 1.22% of whole TVL.
BLAST Blockchain is a quick, safe, scalable, low-cost Layer 2 (L2) and EVM appropriate blockchain primarily based on One World Chain. BLAST Chain gives a high-speed connection to the Ethereum community at a decrease value.
8. Avalanche
Avalanche is a blockchain platform that makes use of a singular Proof of Stake (PoS) method to deal with the blockchain trilemma of scalability, safety and decentralization.
Avalanche is the eighth largest blockchain with a TVL (Whole Worth Locked) of $944.36 million, representing 0.96% of the entire TVL.
Avalanche, like Ethereum, permits sensible contracts to run decentralized purposes (dApps) on its community. Avalanche's sensible contracts are written within the Solidity language, which can be utilized by Ethereum, and intends to enhance blockchain interoperability by integrating a number of decentralized finance (DeFi) ecosystems, together with well-known initiatives akin to Aave and Curve.
9. Polygon
Polygon (previously Matic Community) is a blockchain platform that intends to construct a multi-chain blockchain system much like Ethereum.
Polygon is the ninth largest blockchain with a Whole Worth Locked (TVL) of $904.7 million, representing 0.92% of the entire TVL.
Polygon is a “layer two” or “sidechain” scaling resolution that works alongside the Ethereum blockchain, enabling sooner transactions and decrease prices.
10. Transfer over
Scroll blockchain is a decentralized community enabling environment friendly storage and motion of knowledge.
Scroll is the tenth largest blockchain with a TVL (Whole Worth Locked) of $754.72 million, representing 0.77% of the entire TVL.
Scroll's aim is to create an accessible scaling resolution that preserves the essence of Ethereum: minimized belief, safe and open supply.
