Footprint: The public chain battle broke out, Avalanche is ready to go

Date: September 2021

Date: September 2021

The battle of public chains broke out, and all public chains blossomed

With the recovery of DeFi projects, various public chains have sprung up, and concepts such as GameFi, NFTFi, and SocialFi have gradually emerged. Blockchain seems to usher in another "Summer", except for the most frequently mentioned Ethereum. In addition to Binance Smart Chain (hereinafter referred to as BSC), some emerging public chains such as Polygon, Terra, Avalanche, and Fantom are gradually standing at the forefront to attract people's attention. This article uses the DeFi data of each public chain on Footprint AnalyticsDashboardimage description

TVL accumulation chart of each public chain (from January 2021), data source: Footprint Analytics

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TVL market share of each public chain (since January 2021), data source: Footprint Analytics

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TVL of each public chain (from January 2021), data source: Footprint Analytics

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Number of protocols on each public chain (September 2021), data source: Footprint Analytics

According to the number of public chain protocols included in Footprint Analytics, Ethereum has 276 protocols, which is 3.14 times that of the second-ranked BSC. The following Polygon, Fanton, and Avalanche have also launched incentive plans. Compared with Ethereum, they With more attractive handling fees and faster transaction speeds, the future development of the second-tier public chains should not be underestimated.

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Distribution of each chain of the top 30 protocols (September 2021), data source: Footprint Analytics

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Token prices of each public chain (since June 2021), data source: Footprint Analytics

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Token transaction volume of each chain (since June 2021), data source: Footprint Analytics

In terms of the trading volume of tokens, apart from ETH, SOL has gradually surpassed BNB since mid-August. Although there is still a large gap between BSC and BSC in terms of TVL volume, it also reflects the changes on the chain to a certain extent. active level.

Avalanche is ready to go, and the price of AVAX jumps to the fourth place

In February this year, BSC began to grow explosively. Three months later, in May, Polygon also began to grow rapidly. Three months later, in August, the rapid growth of Avalanche attracted people's attention. Since the second quarter, the growth rates of all public chains, except Polygon, are Solana and Avalanche, which are as high as 1497% and 1124% respectively. Solana has been exhaustively studied in the last analysis (Click on this link for detailsimage description

TVL of the Avalanche chain (as of February 2021), data source: Footprint Analytics

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The number of protocols over 100 million in each public chain (September 2021), data source: Footprint Analytics

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TVL market share of each protocol in the Avalanche chain (since January 2021), data source: Footprint Analytics

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Token prices of each public chain (since June 2021), data source: Footprint Analytics

Avalanche's liquidity mining reward plan also mentions that AVAX will be obtained, excluding ETH and BNB. Compared with other second-tier public chain tokens, AVAX's current token price ranks second at $47, compared with August 18. Compared with the daily price of 28 US dollars, it has increased by 167%.

Footprint Analytics puts user experience first, and it provides an intuitive and concise user interface, which can query and visualize data analysis through drag-and-drop data interaction. Whether you are a data analyst, data scientist, developer, student, teacher, manager or project party, you can easily use this powerful data analysis tool to meet your needs.

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About Footprint Analytics:

Footprint Analytics is a one-stop visual blockchain data analysis platform.

Footprint Analytics puts user experience first, and it provides an intuitive and concise user interface, which can query and visualize data analysis through drag-and-drop data interaction. Whether you are a data analyst, data scientist, developer, student, teacher, manager or project party, you can easily use this powerful data analysis tool to meet your needs.