High 10 Blockchain in 2024

Every year, a whole lot of blockchains are created, and they’re utilized in completely different industries like crypto, gaming, actual property, provide chain administration, and healthcare.

The blockchain trade is at present valued at $27.84 billion and is projected to develop to $825.93 billion by 2030. Amongst these blockchains are these with a excessive person base value billions and thousands and thousands of {dollars}.

What are the highest ten blockchains in 2024, and what units them other than different blockchains? This text will reply these questions with statistics of what makes this blockchains to be the highest 10 blockchains in 2024.

NOTE: These statistics for the highest ten blockchains are based mostly on the TVL (Whole Worth Locked) on the blockchain, a metric used to measure the whole worth of digital belongings.

1. Ethereum

Ethereum, launched in 2013, is among the many oldest and most well-established blockchain platforms. It creates a genuinely decentralized blockchain equal to the Bitcoin blockchain community.

The Ethereum blockchain is on the high of the listing, with a TVL (Whole Worth Locked) of $58.1 billion, representing 59% of the general TVL.

The Ethereum neighborhood switched from a proof of labor (PoW) consensus course of to a proof of stake (PoS), which is extra power environment friendly.

The Ethereum platform has been extensively adopted by technologists who create decentralized apps (dApps) on the Ethereum community.

2. TRON

TRON is a public blockchain that serves because the underlying infrastructure for builders to create sensible contracts and decentralized apps, in addition to freely publish, personal, and retailer knowledge and knowledge.

TRON, a decentralized blockchain-based working system with a sensible contract performance, is second on the listing with a TVL (Whole Worth Locked) of $8.5 billion, representing 8.56% of the general TVL.

Justin Solar developed Tron in March 2014, and the TRON Basis, a non-profit group, has ruled and supervised it since 2017. It started as an Ethereum-based ERC-20 token earlier than migrating to its community in 2018.

3. Solana

Solana emerges is a high-performance blockchain platform designed for decentralized purposes and crypto-currencies, boasting a novel structure generally known as the Solana Protocol, which leverages a mix of Proof of Historical past (PoH) and Proof of Stake (PoS) mechanisms to attain unprecedented scalability and pace whereas sustaining a safe and decentralized community infrastructure.

Solana has a TVL (Whole Worth Locked) of $5.45 billion, which represents 5.54% of the general TVL.

Solana’s structure is designed for effectivity, leading to minimal transaction prices even throughout peak community site visitors. This makes it interesting to builders and customers alike, significantly within the DeFi enviornment.

4. BSC (Binance Sensible Chain)

Binance Sensible Chain (BSC) is a blockchain know-how created by cryptocurrency alternate Binance. It seeks to offer a fast and cheap different to Ethereum for creating decentralized purposes and sensible contracts.

Binance has a TVL (Whole Worth Locked) of $4.794 billion, which represents 4.87% of the general TVL.

BSC has rapidly grow to be in style for DeFi tasks due to its low transaction prices and speedy affirmation durations. Many main DeFi protocols, together with decentralized exchanges and yield farming websites, have began on BSC.

5. Arbitrum

Arbitrum, which Offchain Labs developed, is a scalable Layer 2 blockchain platform that makes use of Roll-up know-how to drastically enhance Ethereum’s transaction throughput whereas retaining excessive safety and decentralization.

Arbitrum is the fifth on the listing with a TVL (Whole Worth Locked) of $3.191 billion, representing 3.24% of the general TVL.

The platform will allow builders to run unmodified Ethereum Digital Machine (EVM) contracts and transactions on a second layer whereas leveraging Ethereum’s distinctive layer one safety.

It’s designed to deal with a few of the flaws of present Ethereum-based sensible contracts, akin to low effectivity and excessive execution prices, which have harmed the Ethereum person expertise and often make transacting costly.

6. Base

Base is an Ethereum Layer 2 (L2) chain that gives a safe, cost-effective, and developer-friendly strategy to developing on-chain. Base is an L2 based mostly on the OP Stack at the side of Optimism.

Base has a TVL (Whole Worth Locked) of $1.705 billion, which represents 1.73% of the general TVL.

Base lets you simply create decentralized apps with entry to Coinbase’s merchandise, customers, and instruments. Base intends to be decentralized, permissionless, and obtainable to all to construct an ordinary, modular, rollup-agnostic Superchain powered by Optimism.

7. Blast

The Blast Blockchain is an Ethereum Digital Machine (EVM)-compatible optimistic roll-up resolution constructed on Ethereum to extend scalability and effectivity.

Blast, based in November 2023 by the staff that created Blur, a number one NFT market, has swiftly gained traction resulting from its novel strategy to native yield era on Layer-2.

Blast has a TVL (Whole Worth Locked) of $1.202 billion, which represents 1.22% of the general TVL.

BLAST Blockchain is a quick, safe, scalable, low-cost Layer 2 (L2) and EVM-compatible blockchain based mostly on the One World Chain. BLAST Chain gives high-speed connectivity to the Ethereum community at a decrease value.

8. Avalanche

Avalanche is a blockchain platform that makes use of a novel Proof of Stake (PoS) method to deal with the blockchain’s trilemma of scalability, safety, and decentralization.
Avalanche is the eighth largest blockchain with a TVL (Whole Worth Locked) of $944.36 million, representing 0.96% of the general TVL.

Avalanche, like Ethereum, allows sensible contracts to function decentralized apps (dApps) on its community. Avalanche’s sensible contracts writes within the Solidity language, which Ethereum additionally makes use of, and it intends to enhance blockchain interoperability by integrating a number of decentralized finance (DeFi) ecosystems, together with well-known tasks akin to Aave and Curve.

9. Polygon

Polygon (beforehand Matic Community) is a blockchain platform that intends to construct a multi-chain blockchain system just like Ethereum.

Polygon is the ninth largest blockchain with a TVL (Whole Worth Locked) of $904.7 million, representing 0.92% of the general TVL.

Polygon is a “layer two” or “sidechain” scaling resolution that works alongside the Ethereum blockchain, permitting quicker transactions and decrease prices.

10. Scroll

Scroll blockchain is a decentralized community permitting environment friendly knowledge storage and motion.

Scroll is the tenth largest blockchain with a TVL (Whole Worth Locked) of $754.72 million, representing 0.77% of the general TVL.

Scroll’s goal is to create an accessible scaling resolution that retains the essence of Ethereum: trust-minimized, protected, and open supply.