Sui and Sei Surge in TVL, Solana Sees Spike in Daily Transactions
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- The Layer 1 blockchain landscape has seen a downtrend in January with declines in daily transactions, active addresses, and fees.
- Sui and Sei saw hikes in the Total Value Locked, surpassing leading players like Ethereum and Solana.
- Solana has seen an impressive surge in transaction activities, while Avalanche saw a deep decline in daily transactions.
One of the fastest-evolving Layer 1 blockchains, Sui, has exhibited a hike of 120% in TVL over the last month, surpassing leading platforms, including Ethereum, Solana, and Avalanche. Currently achieving a total value locked (TVL) of above $600 million, Sui surged 239mm in January.
In a recent X post, Sui announced the astounding hike in the TVL, pointing out that the L1 blockchain has surged past $600,000,000 just 10 days after it marked $500 million. In addition, Sui has also seen a surge in average daily volume over the past 7 days, hitting $100 million.
Today, Sui has over $600,000,000 in Total Value Locked, less than 10 days after achieving the $500M milestone.
Sui also hit $100,000,000 in average daily volume over a 7-day period!Shout out to the strong Sui community for making this happen! pic.twitter.c…
The post Sui and Sei Surge in TVL, Solana Sees Spike in Daily Transactions appeared first on Coin Edition.
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Coins
$ 1.82K
-0.10%
$ 77.46
-0.52%
$ 0.100
-0.46%
$ 6.42
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$ 0.534
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In This News
Coins
$ 1.82K
-0.10%$ 77.46
-0.52%$ 0.100
-0.46%$ 6.42
-4.69%$ 0.534
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