Date: Thu, Oct 03, 2024, 09:12 AM GMT
Q3 2024 brought a mix of ups and downs for the cryptocurrency market. Despite some periods of growth, overall volatility persisted. Bitcoin, the leading cryptocurrency, posted a modest gain of 0.76%. Meanwhile, altcoins showed varied performances, with $SUI surging by an impressive 116%, and $SEI recording a solid 35% gain.
Source: CryptoRank
Top 10 Blockchains by TVL Growth in Q3 2024
According to data from CryptoRank, SEI, SUI, and CORE emerged as the top three fastest-growing blockchains by TVL growth in Q3 2024. Here’s a closer look at how they performed:
Source: CryptoRank
CORE topped the list with a staggering +396% growth in TVL.
Neutron followed with +168%.
SEI Network secured the third spot with a +166% increase in TVL, driven by its expanding ecosystem and adoption.
SUI Network also showed strong performance, with a +72% growth in TVL, fueled by new decentralized applications (dApps) and its growing community.
Other notable performers included Aptos (+78.1%), Map Protocol (+72.2%), and Scroll (+67.8%).
SEI and SUI Continue to Shine in Q4
As Q4 2024 kicks off, both SEI and SUI are maintaining their upward momentum. SUI has crossed a major milestone, surpassing $1 billion in TVL and currently standing at $1.05 billion. SEI, although smaller in comparison, boasts an impressive TVL of $185.89 million, continuing to grow as more projects launch on its network.
These figures highlight the increasing interest in Layer 1 blockchains, with SEI and SUI making significant inroads in the decentralized finance (DeFi) space. Both networks are attracting attention from developers and investors alike, thanks to their innovative platforms and scalability solutions.
As we move further into Q4, all eyes are on how these blockchains will continue to evolve and whether they can sustain their impressive growth rates.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
