Categories: Ethereum

Top 3 smart contract tokens that have outperformed Ethereum in the past 12 months

While Bitcoin has experienced some volatility over the past seven days, some smart contract platforms have done much better.

Of the current $ 271 billion in Total Value (TVL) on DeFi, Ethereum accounts for $ 181 billion (49.16%). In terms of trading volume, ETH has $ 15.5 billion in global swaps, much more than its competitors. It has also seen massive growth of 914% over the past 12 months, while Bitcoin has only hit 299 percent.

As the largest smart contract platform, Ethereum (ETH) has a market value of around $ 553 billion and accounts for 18.7% of the net worth of the entire crypto economy, but several competitors have appreciated significantly in value over the past 12 months.

Top 5 smart contract platforms in terms of market capitalization

For example Solana. While it ranks fifth in terms of market cap, it is the second largest chain in terms of smart contracts with an overall valuation of $ 71.2 billion. ETH’s 12 month gain of 914% is decent, but much less than SOL’s gain of 12,337%. Solana’s market capitalization is currently 2.39%. TVL, held in DeFi on the Solana network, is valued at $ 14.22 billion and ranks third on the Binance Smart Chain (BSC).

Cardano (ADA) is the third largest smart contract platform with a market capitalization of around $ 66.5 billion, which is roughly 2.23% of the total crypto economy. It also saw a 1.881% growth over the past 12 months. Regarding TVL in DeFi, Defillama.com’s numbers don’t include statistics for the Cardano blockchain.

The fourth largest smart contract platform is Avalanche (AVAX), which has a market capitalization of around $ 20 billion and $ 625 million in swaps over the past 24 hours. Avalanche is the fifth largest DeFi chain with 10.11 billion TVL. The metrics of the past 12 months show that AVAX has also outpaced Ethereum’s growth with an increase of 2,598 percent to date.

Top 10 DeFi protocols over TVL

Chainlink (LINK) is the fifth largest smart contract platform with a total valuation of $ 15.9 billion. Unfortunately for ‘LINK Marines’, Chainlink has not kept up with Ethereum in terms of profitability. To date, LINK has risen 175% in value after hitting an all-time high (ATH) on May 10, 2021. .

Other top performing smart contract platform tokens are Terra (LUNA) with an increase of 15.925% YTD, Polygon (MATIC) with an increase of 10.859% in the last 12 months and Fantom (FTM) with an increase of 14.924% in the last Year.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Teacher

According to News.Bitcoin

Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

10 minutes ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

16 minutes ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

23 minutes ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

2 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

2 hours ago

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

3 hours ago

This website uses cookies.