Date: Tue, Oct 15, 2024, 07:43 AM GMT
Layer-1 blockchains are heating up, with top networks like Sei Network (SEI), Aptos (APT), and Sui (SUI) showing significant growth in on-chain activity. This increase in daily active addresses and transactions is fueling bullish momentum, pushing these tokens higher over the last month.
Over the last 30 days, SEI and APT have both surged by more than 50%, while SUI saw a massive 108% jump in value, signaling strong investor interest in these emerging networks.
This increased activity is driving more interest from investors and developers, further fueling the networks’ growth. Let’s dive into the performance metrics of these three trending Layer-1 networks as per Artemis data.
Sei Network
Sei Network, designed with a focus on high-frequency trading and optimized for decentralized finance (DeFi), has seen its daily active addresses jump to 57,526, a monumental 1,231.91% increase over the past three months. The network’s daily transaction volume has also soared to 4.45 million, marking a 491% rise. These figures highlight Sei’s growing appeal among traders and developers looking for efficient, high-performance blockchain solutions.
Aptos
On the other hand, Aptos, which boasts of a scalable blockchain designed for the next billion users, has not lagged. Its daily active addresses now stand at 560,889, up by an impressive 273.81% over the same period. Daily transactions have also seen substantial growth, reaching 2.72 million, with a 232% increase. Aptos’s architecture, focused on high throughput and a user-friendly environment, appears to be resonating well with its expanding user base.
Sui
Sui, although not as explosive in growth as Sei or Aptos, has still made waves with 659,249 daily active addresses, up by 60.1%. Its transaction volume reached 5.59 million, with a 163% increase. Sui’s performance demonstrates its robust foundation and growing user base, particularly in the realm of new digital economy applications.
What’s Fueling the Rally?
The rise in on-chain activity indicates growing user engagement and adoption of these networks’ ecosystems. As more applications are built and transactions increase, investor sentiment has turned bullish, resulting in price surges across these tokens.
With SEI, APT, and SUI each carving out niches in the blockchain space, these networks are gaining attention from both retail and institutional investors.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.