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Blockchains from the ground up: Layer 1 Comparison

Public

By kenny jetski
  • layer 1
  • blockchain
  • ethereum
  • solana
  • bsc
  • binance
  • tron
  • hyperliquid
  • plasma
  • avalanche
  • sui
  • polygon
  • aptos

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Layer 1 Blockchain Fundamentals: Analysis

This dashboard provides a comprehensive overview and comparison of the top ten Layer 1 blockchain networks.

It focuses on key financial and activity metrics such as Total Value Locked (TVL), fees generated, usage data, and comparative analysis.

Understanding these metrics is crucial for assessing the health and growth of each ecosystem.

Top Ten Chains by TVL (updated weekly):

  • Ethereum
  • Solana
  • BSC (BNB Chain)
  • Tron
  • Hyperliquid L1
  • Plasma
  • Avalanche
  • Sui
  • Polygon
  • Aptos

Insight: TVL Trends

Total Value Locked (TVL) is a key indicator of a blockchain's economic activity and user trust.

This chart illustrates how liquidity has flowed across these Layer 1 networks over time. Significant shifts can indicate emerging ecosystems or changes in market sentiment.

Insight: Fee Generation

Fees represent the economic activity and demand for blockspace on each chain.

Higher fees often correlate with increased network usage and can indicate a robust dApp ecosystem. This chart highlights which chains are generating the most value from their operations.

Insight: Trading Volume

This chart tracks the total trading volume across DEXs and other protocols on each Layer 1.

High volume indicates active user engagement and liquidity, often driven by popular dApps and trading opportunities within the ecosystem.

Insight: Stablecoin Market Cap

Stablecoins are the digital dollars in the ecosystem - the circulating market cap represents how many digital dollars have been bridged to a specific chain. The more digital dollars living on a chain, the larger the economy of the chain is.

Pricing Analysis

Insight into the market value of each Layer 1's token through market capitalization, price trends and custom metrics like market cap / DeFi TVL, Chain Fees and Chain Revenue.

Use the table below to compare & contrast chains by high-level metrics.

Top Protocols Analysis

Use the table below to analyze protocol fundamentals.

Sort by TVL, fees, revenue, or market share