ON–236: High Performance Blockchains 🏎️

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Reading https://ournetwork.substack.com/p/on236-high-performance-blockchains

TLDR :rocket:

This article provides an overview of the latest developments in high-performance blockchains, including zkSync, NEAR, Aptos, and Sui.

Key Points :key:

  • Daily active addresses on high-performance blockchains have surpassed 5 million, with NEAR, Solana, and Sui each having over 1 million.
  • Fees on these chains are often below $0.01, offering a significant reduction compared to older blockchains.
  • TVL (Total Value Locked) has been increasing across the board, with NEAR, Solana, Scroll, StarkNet, and Flow seeing over 100% growth in the past 3 months.
  • Innovative features like meta-transactions and liquid staking are being adopted, improving the user experience.
  • Blockchains like Aptos and Sui are achieving impressive transaction throughput and low latency.

In-depth Summary :memo:

The article covers the latest developments in high-performance blockchains, which have seen rapid growth over the past year. The entire ecosystem now has over 5 million daily active addresses, with NEAR, Solana, and Sui each surpassing 1 million. These chains offer significantly lower fees compared to older blockchains, often below $0.01 per transaction.

The Total Value Locked (TVL) across these chains has also been increasing, with NEAR, Solana, Scroll, StarkNet, and Flow seeing over 100% growth in the past 3 months. Innovative features like meta-transactions and liquid staking are being adopted, improving the user experience.

Specific highlights include the growth of zkSync Era, which has amassed nearly $1 billion in TVL and over 375 million transactions. NEAR Protocol has seen its monthly active wallets rise to 15.7 million, more than the next two chains combined. Aptos has surpassed 600 million transactions and seen a 376% increase in DeFi TVL in Q1 2024. Sui has seen a significant increase in staking activity, with daily stakers outnumbering unstakers by almost 300%.

ELI5 :hugs:

This article talks about new and improved blockchains that are faster, cheaper, and more user-friendly than the older ones. These new blockchains have millions of people using them every day, and they can do things like let you send money for just a few cents. The article also talks about how these blockchains are growing really quickly, with more and more people and projects using them.

Writer’s Main Point :bulb:

The main point of the article is to highlight the rapid growth and development of high-performance blockchains, which are offering users a significantly improved experience compared to older blockchain networks.

Relevant Links :link: