Even during bad times for the crypto market, like we are experiencing right now, there’s growth in data for some blockchains that could be encouraging for traders.
Six of these tokens, in particular, are putting smiles on their investors’ faces – $SUI, $TON, $APT, $ETH, $SEI, and $CAKE.
Fee and Trading Volume Increases for $APT and $SUI
The Aptos network ($APT) has seen significant growth in its on-chain fees, with a 72% increase in the past month. This suggests that more users are interacting with the network, leading to higher transactional activity.
Aptos’ growth in fees could reflect increased network utilization, likely driven by its expanding decentralized applications (dApps) and other services.
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Meanwhile, $SUI recorded an impressive 90% growth in trading volume. This surge indicates that the token is gaining traction among traders and investors despite the overall market downturn.
Moreover, increased trading activity on the SUI network is an encouraging sign for those watching the token, as higher volumes often suggest a more liquid and active market.
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Show more +Show less – TVL and Holder Growth in $SEI and $TON Networks
The Sei network ($SEI) saw a 51% increase in total value locked (TVL). This suggests more interest in its decentralized finance (DeFi) projects.
When the TVL goes up, it implies that more money is being put into the network’s DeFi protocols. This could be a sign that the network will be stable in the long run.
During the same time, the number of people holding tokens on the TON network ($TON) increased by 47%. The growing number of token owners suggests that adoption and network involvement are spreading.
Moreover, the network may gain from increased decentralization and engagement if more people own $TON.
Read Also: Expert Predicts AAVE Price Rally to $200: Here’s His Outlook
Growth in DEX Volume and Staking Activity
The DEX volume of PancakeSwap ($CAKE) went up by 36%. This shows the decentralized exchange is seeing more activity and becoming stronger in the decentralized finance world.
Finally, the amount of Ethereum ($ETH) being used for staking increased by a smaller amount, 2.13%. But even this small increase indicates that staking, which supports Ethereum’s proof-of-stake system, is steadily growing as more people lock up their Ethereum.
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