22 mainstream public chains' performance review in 2024: half of them have decreased in activity, Hyperliquid ranks first in multiple data.

In 2024, the cryptocurrency market experienced a groundbreaking change, from the approval of BTC ETF to the rise of Solana, and the competition among major public chains intensified. This article will review the performance of major public chains in 2024 and analyze their growth and decline data. (Background: A Review of Winners and Losers of L1 Public Chains This Year, Champion Big Pump Up Over 7000%) 2024 is destined to be a year of great significance in the development of cryptocurrency. From the official approval of BTC and Ethereum ETFs to the U.S. President Trump's plan to make BTC a national strategic reserve, cryptocurrency has gradually become an internationally recognized emerging asset type. BTC broke through the $100,000 mark, and MEME coins on Solana continued to emerge, overshadowing the original star projects, and the encryption market was a mixed bag. Behind these changes, public chains remain the core battlefield of the encryption market, and all these competitions are also reflected in the competition among public chains. So from a data perspective, which public chains really rose in 2024? Which public chains' decline may not be underestimated, but really declined? PANews has conducted a review and summary of this. Data description: The objects of this inventory are high-heat Layer 1 and Layer 2, following the TVL, token price, market capitalization, active address number, transaction volume and other dimensions for the whole year, from January 1, 2024 to December 29, 2024. Some of the public chains that went online on Mainnet in 2024 used the starting data and year-end data when the public chains' tokens went online. The TVL data is sourced from Defillama, the daily activity and daily trading volume data is sourced from Tokenterminal and official browsers, and the price data is sourced from Coingecko. The public chains reviewed this time include: Layer1: Solana, Ethereum, BNB Chain, Sui, Aptos, TON, Avalanche, Cardano, Hyperliquid, Fantom (Sonic), Tron, Near Layer 2: Base, Arbitrum, Optimism, zkSync, Polygon, Blast, Scroll, StarkNet, Taiko, Linea. The average rise of Layer1 TVL is 7 times, and Hyperliquid and TON have the highest rise. Overall, the TVL data of these public chains analyzed rose by 117.7% during the year. Among them, the TVL of Layer 1 rose by an average of 707.69% in 2024, and the TVL of Layer 2 projects rose by an average of 8515.22%. However, this is mainly because L2 public chain Taiko's TVL was low when it was just launched, resulting in an increase of 825 times. Excluding Taiko, the average rise of other Layer 2 projects this year was 294.69%. Among Layer 1, Hyperliquid, TON, and Aptos had the highest TVL rise, all of which were over 10 times, and Hyperliquid's TVL has risen by 4407% since its launch. Among Layer 2, Taiko and Base were the kings of rise this year. Taiko's TVL rose by 82500% from launch to the end of the year, while Base's TVL rose by about 721.51% throughout the year. In addition to the rise, some public chain data did not rise sharply in a year, but instead experienced a certain degree of decline. Among them, zkSync's decline was the most severe, with TVL down by 41.25% during the year, followed by Optimism (-16.69%), Fantom (-13.95%), Tron (-9.17%), and Polygon (-1.67%). Half of the public chains' daily activity declined, and Solana had the highest daily activity. In terms of network activity, Hyperliquid, Sui, and TON had the highest increase in daily active address numbers in 2024, with increases of 13381.48%, 3350.55%, and 2409.43%, respectively. In addition to these three public chains, the daily activity data of several other public chains, such as Base, Aptos, and Solana, increased by more than 10 times during the year. Surprisingly, among the 22 public chains analyzed, the daily activity data of 9 of them declined to varying degrees this year. Among them, the daily active users of zkSync and StarkNet chains declined the most in 2024, exceeding 90%. In addition, the daily activity levels of Near, Blast, Polygon, Avalanche, Cardano, Optimism, and Tron all declined to varying degrees compared to the beginning of the year. At the beginning of the year, Tron's daily active address number was 2.2 million, ranking first among all public chains. After a year of changes, Solana became the public chain with the highest daily active address number with 4 million daily active users. In addition, among the highest daily activity data statistics, Solana also became the public chain with the most users with a highest daily activity data of 8.8 million. In terms of daily transaction volume, Hyperliquid once again became the public chain with the highest rise, with a rise of about 248900% in the number of transactions during the year, Taiko rose by 4471.43%, and Base's transaction volume rose by 1948.78%, both of which are public chains with more than 10 times rise. The transaction volume of the Avalanche (C-Chain) network declined the most, from 2.8 million transactions at the beginning of the year to 260,000 transactions, a decrease of 90.71%. However, the main reason for this decline was that January 1, 2024 happened to be the peak period of abnormal fluctuation in Avalanche's transaction volume. Excluding this abnormal fluctuation, Avalanche's daily average transaction volume remained at hundreds of thousands per day without much fluctuation. In addition, zkSync's decline also reached 90%, and compared to other public chains, zkSync's decline was indeed more obvious. After the end of the airdrop, the number of on-chain transactions quickly dropped from millions to tens of thousands per day. In terms of token performance, it was mixed, and HYPE took the lead. In terms of token performance, half of the tokens rose and half fell throughout the year. Hyperliquid's token performance was the best, with a rise of about 1272.30% during the year, and the biggest pump was up to 1648.00%, becoming the only public chain token with a rise of more than 10 times. However, it should be noted that Hyperliquid's token HYPE was just issued at the end of November, which did give it some advantage in terms of rise compared to other public chains. However, there were also some other public chain tokens issued this year, many of which did not rise much, and even fell. ...