Solana

Avalanche

Daily

<ul class="news-points"> 
 <li>The Layer 1 blockchain landscape has seen a downtrend in January with declines in daily transactions, active addresses, and fees.</li> 
 <li>Sui and Sei saw hikes in the Total Value Locked, surpassing leading players like Ethereum and Solana.</li> 
 <li>Solana has seen an impressive surge in transaction activities, while Avalanche saw a deep decline in daily transactions.</li> 
</ul> 
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. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;">Today, Sui has over $600,000,000 in Total Value Locked, less than 10 days after achieving the $500M milestone. Sui also hit $100,000,000 in average daily volume over a 7-day period! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4aa.png" alt="💪" class="wp-smiley" style="height: 1em; max-height: 1em;">Shout out to the strong Sui community for making this happen! <a href="https://t.co/El7BvkSSeQ" target="_blank" rel="nofollow">pic.twitter.c…</a>
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The post <a href="https://coinedition.com/sui-and-sei-surge-in-tvl-solana-sees-spike-in-daily-transactions/">Sui and Sei Surge in TVL, Solana Sees Spike in Daily Transactions</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Sui and Sei Surge in TVL, Solana Sees Spike in Daily Transactions

Coin Edition

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