The maximum increase in TVL in November was recorded on the Taiko blockchain
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Johny Smith
2024/12/20
3 mins read
In November 2024, the blockchain platform market showed significant growth. The leader was Taiko, which increased its total value locked (TVL) by 728%, reaching $398 million. The platform attracted attention for its layer 2 solutions for Ethereum, showing the largest increase in a month.
The BOB project took 2nd place with a result of 305% and TVL worth $284 million. Its success is associated with the active introduction of new financial products and improved user experience. Algorand took 3rd position with a 203% increase in TVL, amounting to $432 million. The platform continues to strengthen its position in the field of decentralized applications (dApps), attracting large investments. Hedera, in turn, showed an increase of 188%, reaching $269 million, thanks to the expansion of the ecosystem and support from large corporations.
The zkLink Nova and AILayer projects also showed impressive results with gains of 176% and 175%, respectively. Cardano, which is the last one at one level, increased its TVL by 175%, reaching $825 million. The growth is associated with improved infrastructure and the launch of new smart contracts.
Stellar, despite a relatively lower TVL volume of $62.5 million, recorded an increase of 162%. The success of the platform is attributed to the launch of cross-border payment solutions and collaboration with financial institutions. Projects Mode and PulseChain close the top ten with results of 155% and 139%, respectively. Their stable development suggests that the market for decentralized solutions continues to attract new participants.
The results of Cardano and Stellar deserve special attention. Cardano continues to prove itself a promising long-term investment by offering investors reliability and transparency. Stellar, in turn, focuses on real-world applications of its technology, which makes it attractive to large companies.
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