- 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.The post Sui and Sei Surge in TVL, Solana Sees Spike in Daily Transactions appeared first on Coin Edition.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…