10 Blockchains to watch for in 2024
Before starting with the Blockchains, here are some terms to know.
Layer 0 (L0) Blockchains: They enable developers to create custom blockchains.
Layer 1 (L1) Blockchains: They validate & execute transactions without the need for any external network.
Layer 2 (L2) Blockchains: They are sidechains built on L1 chains. The underlying L1 provides decentralization & security, while the L2 provides scalability.
Market Capitalization is the total market value of a crypto's circulating supply.
Total Value Locked is the total of all assets in the chain earning rewards, interest, new coins or tokens, fixed income, etc.
Here are the 10 Blockchains to watch for in 2024:
1. Bitcoin (BTC)
Bitcoin (BTC) is a decentralized digital currency enabling peer-to-peer financial transactions. It is a Layer 1 Blockchain.
Price: US$ 41,115
Market Capitalization (MCap): US$ 861 Billion
Total Value Locked (TVL): NA
MCap / TVL: NA
2. Ethereum (ETH)
Ethereum (ETH) is a permisionless Layer 1 Blockchain for decentralized applications & smart contracts.
Price: US$ 2,244
Market Capitalization (MCap): US$ 265 Billion
Total Value Locked (TVL): US$ 28 Billion
MCap / TVL: 9.46
3. Binance Chain (BNB)
Binance Chain (BNB) is a permisionless Layer 1 Blockchain for asset trading and token issuance.
Price: US$ 258
Market Capitalization (MCap): US$ 39 Billion
Total Value Locked (TVL): US$ 3 Billion
MCap / TVL: 13
4. Ripple (XRP)
Ripple (XRP) is a digital payment protocol for cross-border transactions. It is a Layer 1 Blockchain.
Price: US$ 0.06
Market Capitalization (MCap): US$ 33.5 Billion
Total Value Locked (TVL): US$ NA
MCap / TVL: NA
5. Solana (SOL)
Solana (SOL) is a permisionless Layer 1 Blockchain for decentralized applications & smart contracts.
Price: US$ 81
Market Capitalization (MCap): US$ 34 Billion
Total Value Locked (TVL): US$ 1 Billion
MCap / TVL: 34
6. Cardano (ADA)
Cardano (ADA) is a permisionless Layer 1 Blockchain focused on sustainability, scalability, and interoperability.
Price: US$ 0.6
Market Capitalization (MCap): US$ 21 Billion
Total Value Locked (TVL): US$ 0.4 Billion
MCap / TVL: 52.5
7. Avalanche (AVAX)
Avalanche (AVAX) is a permisionless Layer 1 Blockchain for decentralized applications & smart contracts.
Price: US$ 43
Market Capitalization (MCap): US$ 15.8 Billion
Total Value Locked (TVL): US$ 0.95 Billion
MCap / TVL: 16.6
8. Polkadot (DOT)
Polkadot (DOT) is a multi-chain framework for trust-free message and value transfer. It is a Layer 0 Blockchain.
Price: US$ 7
Market Capitalization (MCap): US$ 8.9 Billion
Total Value Locked (TVL): NA
MCap / TVL: NA
9. Polygon (MATIC)
Polygon (MATIC) is a Layer 2 scaling & cost-reduction solution for Ethereum.
Price: US$ 0.8
Market Capitalization (MCap): US$ 7.6 Billion
Total Value Locked (TVL): US$ 0.85 Billion
MCap / TVL: 9
10. Hybrid Finance Blockchain (HYFI)
Hybrid Finance Blockchain (HYFI) is a legally compliant, Permissioned Layer 1 Blockchain for Tokenization of Real World Assets.
Price: US$ 0.15
Market Capitalization (MCap): US$ 4.36 million
Total Value Locked (TVL): NA
MCap / TVL: NA