Key Points
- CryptoRank.io reveals the highest 10 blockchains by YoY transaction progress.
- TON is the chief with 241 million transactions in 1 yr, representing a 2,492% YoY progress.
CryptoRank.io, a number one crypto business analysis and analytics platform, put collectively a high 10 blockchains by year-on-year transaction progress.
In a brand new submit on X, the group revealed the outcomes following an in-depth evaluation of blockchain progress over an extended time frame.
Top 10 Blockchains Ranked by YoY Growth
1. TON (TON) +2,492%
TON is sitting within the first place on the high, with 241 million transactions in 1 yr. The blockchain recorded a 2.492% progress in transactions in a single yr, in line with their notes.
According to the official TON docs, the TON blockchain is designed as a distributed supercomputer, or “superserver”, meant to supply varied services to contribute to the event of the decentralized imaginative and prescient for the brand new Internet.
TON has marked varied achievements in 2024, though encountering varied issues as effectively. Recently, TON hit a brand new ATH in every day energetic customers: 1.2 million.
2. NEAR (NEAR) +997%
NEAR is sitting within the second place within the high 10 blockchains by YoY transaction progress, recording 1.8 billion transactions in 1 yr. The blockchain noticed a 997% improve in YoY transactions in line with official knowledge.
NEAR is a decentralized growth platform that makes use of a PoS consensus mechanism. Its block technology scheme is named Doomslug and its sharding design is named Nightshade, as Messari notes.
NEAR blockchain is constructed for an open net to be performant, safe, scalable, and eco-friendly, in line with their notes. The blockchain is constructing in the direction of chain abstraction, permitting customers and builders to interact throughout a number of ecosystems from one account.
On September 9, the group at NEAR protocol announced the completion of the RWA integration.
3. Injective (INJ) +261%
Injective recorded 644 million transactions in 1 yr, seeing a surge of 261% by YoY transaction progress.
According to the group’s notes, Injective is the quickest blockchain for finance and it’s backed by Binance and Mark Cuban.
On September 4, the group at Injective announced in a submit by way of X that they launched the first-ever tokenized index for BlackRock’s BUIDL Fund, a perpetual index product that tracks the availability of the BUIDL fund itself.
4. Axelar (AXL) +181%
Axelar recorded 1.5 million transactions in 1 yr, seeing an 181% progress in year-over-year transactions, in line with knowledge from CryptoRank.io.
According to their very own notes, Axelar is a programmable Web3 interoperability platform, scaling the following technology of Internet purposes to billions of customers.
Yesterday, the group at Alexar announced by way of X that their preliminary developer Interop Labs is collaborating with Deutsche Bank to discover a imaginative and prescient for a community of networks to unify varied blockchain techniques.
5. Avalanche (AVAX) +145%
Avalanche recorded 218 million transactions in 1 yr, seeing progress of YoY transactions of 145%.
According to the group behind the venture, Avalanche is the future-proof blockchain constructed to scale, which permits builders to construct all the pieces they need. They name the blockchain, essentially the most developer-friendly L1.
They just lately announced that ParaFi has tapped Securitize, a tokenization large managing greater than $950 million in funding, to tokenize an curiosity in one among its enterprise funds on Avalanche.
6. Stacks (STX) +140%
Stacks recorded 6.6 million transactions in a single yr, representing a progress of 140% on YoY transactions.
Stacks is a Bitcoin L2 that allows good contracts and apps with Bitcoin as a safe layer base.
On September 6, the group behind the venture announced that Stacks launched BTC Bash, their developer-focused digital occasion to onboard the following technology of Bitcoin builders.
7. Polkadot (DOT) +136%
Polkadot recorded 32.4 million transactions in a single yr, marking a 136% progress in YoY transactions.
Polkadot is a blockchain community of networks designed to problem assumptions, directed and ruled by those that maintain the DOT token, in line with the group behind the venture.
Polkadot announced by way of X that Hyperbridge secured $2.5 million in funding to advance their pioneering work in crypto-economic processing. This is the primary venture to be based by Scytale Digital’s Polkadot Ecosystem Fund.
8. Gnosis (GNO) +127%
Gnosis recorded 75.9 million transactions in a single yr, marking a progress of 127% on YoY transactions.
Gnosis is a dynamic collective of tasks that reimagine cost infrastructure to make DeFi instruments accessible and usable for everybody. At the core of Gnosis ecosystem is Gnosis Chain, a safe, resilient, and decentralized EVM L1 community.
In a submit by way of X, the group at Gnosis revealed that the Gnosis beacon chain is working secure for greater than 2.5 years. More than 275,000 validators are constructing their very own do-it-yourself blocks.
9. Celo (CELO) +119%
Celo recorded 208 million transactions in a single yr, marking a 119% surge in YoY transactions.
Celo is scaling Ethereum with real-world options, main a thriving new digital economic system for all, in line with its official website.
On September 2, Celo announced that DZap is reside on Celo, and customers can take pleasure in its seamless UX whereas benefitting from Celo’s mobile-first infrastructure, sub-cent fuel charges, 1-block finality, and extra.
10. Arbitrum (ARB) +116%
Arbitrum recorded 482 million transactions in a single yr, seeing a 116% surge in YoY transactions.
Arbitrum Foundation is devoted to the decentralization, safety, and progress of Arbitrum applied sciences, together with Arbitrum Onre and Nova.
On September 3, the group at Arbitrum announced that it has been three years of constructing on Arbitrum, and so they have been bringing Stylus, designed to drive innovation and foster collaboration throughout blockchains.
To construct this high 10, CryptoRank thought-about solely blockchains with energetic mainnet transactions as of September 12, 2022. They totaled transactions from September 2023 to September 2024, then subtracted the full from September 2022 to September 2023, in line with their official notes.
Using the figures, they calculated the annual proportion progress for every blockchain.
