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- Onchain Lense
Onchain Lense
Insights derived by analyzing onchain activity of different blockchain protocols and sectors.
Scalability Through Parallel Execution: Aptos
Aptos blockchain focuses on scalability through parallel transaction execution with its Move language, aiming for high throughput and low latency. Despite its token, APT, being significantly down from its peak, Aptos shows robust on-chain activity with substantial daily transactions and Total Value Locked (TVL), indicating strong ecosystem growth and potential for further adoption through its innovative fee structures and scalability solutions.
Analyzing Decentralized Trading Trends: Uniswap
Uniswap, a leading decentralized exchange on Ethereum, currently has a Total Value Locked (TVL) of $5.7 billion. Its UNI token is trading at $5.89, which is 87% below its all-time high. Despite the price drop, Uniswap processes about 120,900 transactions daily, generating over $4 million in fees daily. The platform has introduced an interface fee, enhancing its revenue model alongside traditional liquidity pool fees, aiming for long-term sustainability and growth within the DeFi sector.
Scalability Through Sharding: NEAR Protocol
NEAR Protocol, a PoS blockchain utilizing sharding for scalability, currently trades at $4.54 with a market cap of $5 billion, showing a 23% yearly increase. It processes around 5.5 million daily transactions, has a TVL of $228 million, and emphasizes user-friendliness and real-world utility.
Dynamics of Ethereum’s Largest Staking Pool: Lido
Lido, the largest DeFi protocol, has transformed Ethereum staking with its stETH token, managing a $27.3B TVL and leading the liquid staking sector with significant growth potential enabled by the rising adoption of PoS and demand for liquidity.
Decoding the Decentralized Wireless Network: Helium
Helium, leveraging Solana's blockchain, has grown into a significant player in the DePIN sector, with a market cap of $1.2 billion and over 20,800 daily active addresses. Its expansion into mobile services with unlimited 5G plans, alongside strategic partnerships, has fueled its growth, positioning it as a leader in decentralized wireless connectivity.
