2024年：公链洗牌年，超流动性成超新星

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

Solana、Sui、Hyperliquid 和 TON 等公链注定在 2024 年取得辉煌

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年注定是加密货币发展不平凡的一年。从比特币和以太坊ETF的正式批准，到前总统特朗普提出将比特币作为国家战略储备，加密货币正逐渐成为国际公认的新兴资产类别。比特币已经突破了 10 万美元大关，而 Solana 上的 MEME 币也层出不穷，盖过了很多之前火爆的项目，与加密市场形成了鲜明的对比。

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.

在这些变化的背后，公链依然是加密市场的核心战场，而这一切的竞争都体现在公链之间的竞争上。

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.

那么，从数据来看，2024年有哪些公链真正出现了上涨呢？哪些公链的衰落可能不是被低估而是真正的低迷？ PANews对此进行了回顾和总结。

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.

数据说明：本次评测重点关注热门Layer 1、Layer 2链，考察2024年1月1日至12月全年TVL、代币价格、市值、活跃地址、交易量等维度2024年12月29日，一些2024年主网上线的公链使用的是代币上线时的初始数据和年末数据。 TVL数据来自Defillama，每日活跃量和交易量数据来自Tokenterminal和官方浏览器，价格数据来自Coingecko。

The public chains reviewed include:

审核的公链包括：

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

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

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

第 2 层：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 平均增长 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%.

从TVL数据来看，总体而言，所分析公链的TVL同比增长了117.7%。其中，2024年Layer 1项目TVL平均增长707.69%，Layer 2项目平均TVL增长8515.22%。不过，这主要是由于二层链Taiko上线时初始TVL较低，导致增长倍数达到825倍。排除Taiko，其他Layer 2链今年平均增长率为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 链中，TVL 增长最高的是 Hyperliquid、TON 和 Aptos，均超过 10 倍，其中 Hyperliquid 自上线以来 TVL 增长了 4407%。在 Layer 2 领域，Taiko 和 Base 是今年的增长王者，Taiko 的 TVL 从推出到年底增长了 82500%，而 Base 的 TVL 全年增长了约 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%).

除了增长之外，一些公链一年后并没有出现明显的增长，甚至出现了下滑。 zkSync 的下降最为严重，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

一半公链日活跃用户下降，Solana 日活跃用户数最高

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.

从网络活跃度来看，2024 年日活跃地址增幅最高的是 Hyperliquid、Sui、TON，增幅分别为 13381.48%、3350.55%、2409.43%。除了这三大公链外，Base、Aptos、Solana 全年日活跃数据也增长了 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.

令人惊讶的是，在分析的 22 条公链中，有 9 条链今年日活跃数据出现了不同程度的下降。其中zkSync和StarkNet的日活跃用户下降最为严重，超过90%。此外，Near、Blast、Polygon、Avalanche、Cardano、Optimism 和 Tron 与年初相比均出现了不同程度的下滑。

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，波场日活跃地址达220万，位居公链第一。经过一年的变化，Solana 成为日活跃地址最高的公链，达到 400 万，而在日活跃峰值数据方面，Solana 也创下了最高的日活跃用户数 880 万。

In terms of

按照