تفاصيل الرؤى

Week in L1: Altcoin Slumps Hit L1 TVLs, But Sui Holds Strong Contents ➡️TL;DR ➡️L1 Roundup ➡️Sui Chain Update ➡️Sui News Roundup ➡️TL;DR Layer-1 TVL Down: Major layer-1s like Solana and Tron saw total value locked (TVL) declines amid altcoin market drops, while Polygon and Hyperliquid bucked the trend with notable weekly TVL growth. Ethereum Dominates: The network maintains its lead in layer-1 TVL despite fewer active addresses, holding more TVL than all other layer-1s combined. Sui Updates: Sui's recent liquid staking solution SpringSui boosts ecosystem TVL, while its meme coins struggle—except "aaa cat" (AAA), which saw a strong 31.8% gain. Aptos Ecosystem Developments: Aptos' ecosystem saw the launch of native USDT and a DevCon 2024 brunch announcement, aiming to drive innovation and strengthen ties within its developer community. The market is on fire again, with Bitcoin ($BTC ) topping $70K, Dogecoin (DOGE ) exploding while other memes collapse, and the announcement of a major upgrade to Ethereum ($ETH ). Ethereum’s major upgrade might shake things up , but alternative layer-1s are navigating their own challenges and growth. Let’s dive into how top L1s like Polygon, Sui and Aptos performed over the past week. ➡️L1 Roundup In the last week, the vast majority of popular layer-1 chains experienced total value locked (TVL) shrinkage alongside the weakening of the altcoin market. Of the top 10 largest L1s by TVL, just two have seen positive growth in TVL over the last week. Polygon and Hyperliquid saw their TVLs swell by 9.1% and 4.1% respectively, whereas Solana and Tron saw their TVLs shrink by 7.2% and 3.3% respectively. Still, nine out of 10 L1 chains have grown their TVL over the last month. Ethereum still leads the L1 race by both TVL and protocol count, with a higher TVL than all other layer-1s combined, despite seemingly having the fewest active addresses. Avalanche and Binance Smart Chain stand out as having particularly high mCap/TVLs, with Solana currently sitting at 13.06 while Binance Smart Chain is at 18.48. For comparison, Ethereum is at 6.31. Sui Chain Update Despite weathering a large unlock late last month, Sui has held up relatively well in recent weeks. The token is currently among the minority of altcoins to trade in the green over the last week, up 7.7%. $SUI is currently inches away from breaking into the top 20 tokens by market capitalization, with just $15 million in market cap separating it from leapfrogging Polkadot (DOT) and LEO Token (LEO). Despite this, SUI memes haven’t quite kept up. Four of the top five Sui memes are in the red over the last week, with the largest meme coin, Sudeng (HIPPO), down 8.7%, though aaa cat (AAA) has managed to buck the trend with a 31.8% return. Besides Sui memes, a handful of Sui ecosystem projects also performed well. These include Cetus Protocol (CETUS) and NAVI Protocol (NAVX ), which are up 32.3% and 12.1% respectively in the last week. ➡️Sui News Roundup Some of this week’s biggest Sui ecosystem updates and developments include: SuiLend Rolls Out Liquid Staking Solution: SuiLend has introduced SpringSui, an open-source framework designed to enhance liquid staking on the Sui blockchain. This initiative aims to boost liquidity and yield opportunities within the Sui DeFi ecosystem. At the time of writing, the protocol has exceeded $10 million TVL.