Although the price of Bitcoin has fluctuated in the past 7 days, some smart contract platforms performed much better this week. Statistics show that the total value (TVL) locked in decentralized finance (defi) is $267 billion, and the TVL held on Ethereum accounts for the largest share of this value. In terms of market valuation, Ethereum is today’s largest smart contract platform, but in the past 12 months, the value of many competitors has increased significantly.
3 smart contract tokens far exceed the 12-month increase of Ethereum
The largest smart contract platform Ethereum (ETH) The market value is about 555 billion U.S. dollars, accounting for 18.7% of the net value of the entire crypto economy.The indicators also show that there are $267 billion in TVL in today’s defi, and the Ethereum protocol captures US$179 billion Or 49.16% of the total TVL in defi. In terms of transaction volume, Ether’s global swap transaction volume today is $15.5 billion, which is much larger than its competitors. Ethereum Has exceeded Bitcoin Last year’s 12-month increase was 914%, compared to BitcoinThe value of has increased by 299%.
However, many other smart contract platforms perform better than other smart contract platforms EthereumStatistics for the 12 months.For example, although Solana (SOL) With the fifth largest market capitalization, it is the second largest chain in terms of smart contract platforms, with an overall valuation of US$71.2 billion. Ethereum914% in 12 months is a good return, but Sol Last year it rose by 12,337%. On Saturday, Solana’s market value dominance was 2.39%. The TVL held in the form of defi on the Solana network is US$14.22 billion, which is the third largest TVL after Binance Smart Chain (BSC).
Cardano (ADA) It is the third largest smart contract platform with a current market value of approximately US$66.5 billion. Have Also outperformed Ethereum (Ethereum) The 12-month return is Have It has risen by 1,881% in the past year. As far as TVL in defi is concerned, the indicators from defillama.com do not include any statistics on the Cardano blockchain. The market value of Cardano on Saturday is about 2.23% of the entire market economy.In terms of overall market valuation, the fourth largest smart contract platform is crypto assets Avalanche (AVAX).
Chainlink, the fifth largest smart contract token, has less revenue than Ethereum this year — LUNA and MATIC increase in value
The market value of Avalanche (AVAX) on Saturday was approximately US$20 billion, and the global AVAX swap transaction volume in the past 24 hours was US$625 million.Avalanche is represented on defillama.com Chain market indicators, And is the fifth largest defi chain in TVL ($10.11B) Earth. Avalanche is also under market valuation Earth (moon) Because AVAX occupies the 13th largest market position. The 12-month indicator shows that AVAX’s gains have also surpassed that of Ethereum, because AVAX has risen by 2,598% year-to-date.
Chain chain (link) It is the fifth-largest smart contract platform by market capitalization, with a current total valuation of US$15.9 billion. With $15.9 billion, LINK ranks 15th among more than 10,000 existing crypto assets. Unfortunately, for “LINK Marines”, chainlink does not surpass Ethereum in terms of revenue. year to date, Associate After setting an all-time high for crypto assets on May 10, 2021, six months ago, its value rose by 175%.Nevertheless, in terms of smart contract platforms, the sixth largest chain Algorand (something) A 17.61% increase is needed to exceed LINK’s market valuation.
Other best-performing smart contract platform tokens include Earth (moon) Year-to-date increase of 15,925%, Polygon (MATIC) Has risen by 10,859% in the past 12 months, and Phantom (FTM) Last year it increased by 14,924%. Top-level definition TVL not mentioned Ethereum, SOL, AVAX, including blockchains like Binance Smart Chain ($21.07B), Terra ($10.91B), Tron ($6.45B), Fantom ($5.48B) and Polygon ($5B).
What do you think of the top five smart contract platforms by market capitalization and their market performance in the past 12 months? Please tell us your thoughts on this topic in the comments section below.
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