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Chandan Web3 Research
@chandan
1/4 Looking at the Blockchain activity change! TLDR: - Only Base has seen growth in all three areas. - Solana has experienced 10x growth in DEX volume. - Tron's 6% growth is significant, considering that increasing the stablecoin market cap is difficult. - BNBCHAIN is losing in all categories. Stable Coin market dominance change from July '23 Gainers: Tron: 20% → 26% Arbitrum: 0.7% → 2.5% Base: 0% → 2% Losers: Ethereum: 59% → 49% BNB: 8% → 3% Solana: 4% → 2% Avalanche: 1.9% → 1% TVL Market dominance change from July '23 Gainers: Solana: 0.6% → 5.2% Base: 0% → 2% Ethereum: 67% → 68% Losers: BNB: 8.6% → 5% Arbitrum: 5.5% → 3.2% Tron: 14% → 9% Polygon: 2.3% → 1% DEX volume market dominance change from July '23 Gainers: Solana: 3% → 30% Base: 0% → 4.6% Losers: Arbitrum: 14% → 11% Ethereum: 57% → 31% BNB: 18% → 13% Polygon: 3.1% → 1%
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