2024年：公鏈洗牌年，超流動性成超新星

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Solana, Sui, Hyperliquid, and TON Among Public Chains Destined for Remarkable 2024

Solana、Sui、Hyperliquid 和 TON 等公鏈注定在 2024 年取得輝煌

2024 is destined to be a remarkable year in the development of cryptocurrency. From the official approval of Bitcoin and Ethereum ETFs to former President Trump's proposal to use Bitcoin as a national strategic reserve, cryptocurrencies are gradually becoming an internationally recognized emerging asset class. Bitcoin has broken the $100,000 barrier, while MEME coins on Solana are emerging one after another, overshadowing many previously popular projects, resulting in a stark contrast in the crypto market.

2024年註定是加密貨幣發展不平凡的一年。從比特幣和以太坊ETF的正式批准，到前總統川普提出將比特幣作為國家戰略儲備，加密貨幣正逐漸成為國際公認的新興資產類別。比特幣已經突破了 10 萬美元大關，而 Solana 上的 MEME 幣也層出不窮，蓋過了很多之前火爆的項目，與加密市場形成了鮮明的對比。

Behind these changes, public chains remain the core battleground of the crypto market, and all these competitions are reflected in the competition among public chains.

在這些變化的背後，公鏈依然是加密市場的核心戰場，而這一切的競爭都體現在公鏈之間的競爭。

So, from a data perspective, which public chains truly experienced a rise in 2024? Which public chains' decline may not be underestimated but rather a real downturn? PANews conducted a review and summary on this.

那麼，從數據來看，2024年有哪些公鏈真正出現了上漲呢？哪些公鏈的衰退可能不是被低估而是真正的低迷？ PANews對此進行了回顧和總結。

Data Explanation: The focus of this review is on the popular Layer 1 and Layer 2 chains, looking at dimensions such as TVL, token prices, market capitalization, active addresses, and transaction volumes throughout the year, from January 1, 2024, to December 29, 2024. Some public chains that launched their mainnet in 2024 used the initial data at the time of their token launch and year-end data. TVL data is sourced from Defillama, daily active and transaction volume data from Tokenterminal and official explorers, and price data from Coingecko.

數據說明：本次評測重點關注熱門Layer 1、Layer 2鏈，考察2024年1月1日至12月全年TVL、代幣價格、市值、活躍地址、交易量等維度2024年12月29日，一些2024年主網上線的公鏈使用的是代幣上線時的初始數據和年末數據。 TVL數據來自Defillama，每日活躍量和交易量數據來自Tokenterminal和官方瀏覽器，價格數據來自Coingecko。

The public chains reviewed include:

審核的公鏈包括：

Layer 1: Solana, Ethereum, BNB Chain, Sui, Aptos, TON, Avalanche, Cardano, Hyperliquid, Fantom (Sonic), Tron, Near

第 1 層：Solana、以太坊、BNB 鏈、Sui、Aptos、TON、Avalanche、Cardano、Hyperliquid、Fantom (Sonic)、Tron、Near

Layer 2: Base, Arbitrum, Optimism, zkSync, Polygon, Blast, Scroll, StarkNet, Taiko, Linea.

第 2 層：Base、Arbitrum、Optimism、zkSync、Polygon、Blast、Scroll、StarkNet、Taiko、Linea。

Layer 1 TVL Average Growth of 7 Times, Hyperliquid and TON with Highest Increases

Layer 1 TVL 平均成長 7 倍，Hyperliquid 和 TON 增幅最高

In terms of TVL data, overall, the TVL of the analyzed public chains grew by 117.7% over the year. Among them, Layer 1 saw an average TVL growth of 707.69% in 2024, while Layer 2 projects had an average TVL growth of 8515.22%. However, this is mainly due to the low initial TVL of the Layer 2 chain Taiko at its launch, resulting in a growth multiple of 825 times. Excluding Taiko, the average growth of other Layer 2 chains this year was 294.69%.

從TVL資料來看，整體而言，所分析公鏈的TVL年增了117.7%。其中，2024年Layer 1計畫TVL平均成長707.69%，Layer 2計畫平均TVL成長8515.22%。不過，這主要是由於二層鏈Taiko上線時初始TVL較低，導致成長倍數達825倍。排除Taiko，其他Layer 2鏈今年平均成長率為294.69%。

Among Layer 1 chains, the highest TVL growth was seen in Hyperliquid, TON, and Aptos, all exceeding 10 times, with Hyperliquid's TVL increasing by 4407% since its launch. In Layer 2, Taiko and Base were the kings of growth this year, with Taiko's TVL increasing by 82500% from its launch to the end of the year, while Base's TVL grew by approximately 721.51% throughout the year.

在 Layer 1 鏈中，TVL 成長最高的是 Hyperliquid、TON 和 Aptos，都超過 10 倍，其中 Hyperliquid 自上線以來 TVL 成長了 4407%。在 Layer 2 領域，Taiko 和 Base 是今年的成長王者，Taiko 的 TVL 從推出到年底成長了 82500%，而 Base 的 TVL 全年成長了約 721.51%。

In addition to growth, some public chains did not see significant increases after a year and even experienced declines. zkSync saw the most severe decline, with its TVL dropping by 41.25%, followed by Optimism (-16.69%), Fantom (-13.95%), Tron (-9.17%), and Polygon (-1.67%).

除了成長之外，有些公鏈一年後並沒有明顯的成長，甚至出現了下滑。 zkSync 的下降最為嚴重，其 TVL 下降了 41.25%，其次是 Optimism (-16.69%)、Fantom (-13.95%)、Tron (-9.17%) 和 Polygon (-1.67%)。

Half of Public Chains Experienced Declines in Daily Active Users, Solana with the Highest Daily Activity

半數公鏈日活躍用戶下降，Solana 日活躍用戶數最高

In terms of network activity, Hyperliquid, Sui, and TON had the highest increases in daily active addresses in 2024, with increases of 13381.48%, 3350.55%, and 2409.43%, respectively. Besides these three public chains, Base, Aptos, and Solana also saw their daily active data increase by over 10 times throughout the year.

從網路活躍度來看，2024 年日活躍地址增幅最高的是 Hyperliquid、Sui、TON，增幅分別為 13381.48%、3350.55%、2409.43%。除了這三大公鏈外，Base、Aptos、Solana 全年日活躍數據也成長了 10 倍以上。

Surprisingly, among the 22 analyzed public chains, 9 chains experienced varying degrees of decline in daily active data this year. Among them, zkSync and StarkNet saw the most severe drop in daily active users, exceeding 90%. Additionally, Near, Blast, Polygon, Avalanche, Cardano, Optimism, and Tron all experienced varying degrees of decline compared to the beginning of the year.

令人驚訝的是，在分析的 22 條公鏈中，有 9 條鏈今年日活躍數據出現了不同程度的下降。其中zkSync和StarkNet的每日活躍用戶下降最為嚴重，超過90%。此外，Near、Blast、Polygon、Avalanche、Cardano、Optimism 和 Tron 與年初相比均出現了不同程度的下滑。

At the beginning of the year, Tron had 2.2 million daily active addresses, ranking first among all public chains. After a year of changes, Solana became the public chain with the highest daily active addresses at 4 million, and in terms of peak daily active data, Solana also recorded the highest number of 8.8 million daily active users.

年初，波場日活躍地址達220萬，位居公鏈第一。經過一年的變化，Solana 成為日活躍地址最高的公鏈，達到 400 萬，而在日活躍峰值數據方面，Solana 也創下了最高的每日活躍用戶數 880 萬。

In terms of

按照