L1 On-Chain Special Report: Sui TVL Surges Over 900%, TRON Users Exceed 263 Million
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L1 On-Chain Special Report: Sui TVL Surges Over 900%, TRON Users Exceed 263 Million
Aptos' TVL and user base have grown more than fourfold in 2024.
Navigating Web3 tides with focused insightsAuthor: OurNetwork
Translation: TechFlow
Layer 1s
Sui | Aptos | TRON | TON
Sui
Biff Buster | Website | Dashboard
Sui is the fastest-growing blockchain protocol of 2024, with its total value locked (TVL) increasing by 961.8%.
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Sui is a Layer 1 (L1) blockchain that uses the Move programming language and claims to handle up to 297,000 transactions per second. Over the past year, Sui has demonstrated remarkable growth. Starting from October 9 last year, Sui had a TVL of $39.6 million, fewer than 10,000 daily active users (DAU), and an $SUI price of $0.40. Since then, the Sui ecosystem has accelerated rapidly, setting new records across all metrics, reaching an impressive TVL of $1.01 billion (a 2,300% increase).
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As shown in the chart, Sui’s daily active users (DAU) grew from 19,758 on January 1, 2024, to 843,450 on October 8, 2024—a 4,169% increase—and the highest DAU growth among competing L1 blockchains.
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On Sui, the leading dApp categories are infrastructure and social, far outpacing others. Overall, Sui dApps have driven a 3,600% year-over-year growth in daily active addresses.
Aptos
Aptos’ TVL and user base have grown more than fourfold in 2024
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Aptos is another high-performance blockchain using the Move programming language. Since the beginning of 2024, Aptos’ TVL has grown over fourfold, reaching a record high of $668 million on October 8, driven by DeFi protocols such as Aries Markets, Amnis Finance, and Thala. Aptos recently surpassed Bitcoin mainnet, ranking 14th among all blockchains by TVL, as users surged fourfold in 2024 to 26 million unique users. Additionally, over one million new users joined the ecosystem in the week ending October 1, with monthly active users nearing five million. In the past week alone, Aptos processed over 27 million transactions, a 22% week-on-week increase, bringing total transaction volume close to 2 billion.
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Aptos is gaining strong momentum in DeFi, with approximately $50 million in net stablecoin inflows bridged onto the network in the past month. A consistent $10 million monthly net inflow reflects growing confidence in Aptos, as more users leverage its scalable infrastructure for dApp development. Tether has announced plans to integrate USDT—the leading stablecoin with a $119 billion market cap—onto Aptos.
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With 78% of native assets staked (871 million out of 1.12 billion APT), a 7% staking rate, and 149 validators distributed across 22 countries, Aptos is solidifying its role in DeFi. This global participation highlights the strength of the network and its broader ecosystem’s commitment to security and scalability in the DeFi space.
TRON
TRON surpasses 263 million user accounts, generating $577 million in revenue in Q3
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TRON is a network trusted by developers, institutions, and individuals worldwide. Total transaction volume has now exceeded $14 trillion. Over the past 30 days, it has averaged over 7.4 million transactions per day, with over 263 million user accounts on the blockchain and 237,000 new accounts added daily. TRON’s accessibility, combined with the DAO’s commitment to meaningful change, underscores its potential for global impact.
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According to @JA_Maartun on X: “TRON consistently processes the highest volume of real transactions at a rate of 85 TPS, surpassing its competitors: BTC (~7 TPS), ETH (~14 TPS), and Polygon (~30 TPS)... It's evident that TRON’s actual TPS remains stable.”
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Over 50% of the total USDT supply (over $119 billion) circulates on the TRON network, making it the first blockchain to host a single stablecoin worth over $60 billion. Stablecoin transaction volume reached $453.8 billion, growing 10.91% over the past 30 days, with 68.7 million transactions—an increase of 5.36% compared to the same period.
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Transaction Highlights: On August 20, Tether minted an additional $1 billion USDT on TRON, reinforcing TRON’s position as the leading stablecoin blockchain, with over $61 billion in circulation—far exceeding Ethereum’s $54 billion. TRON is widely used in emerging markets for fast, frequent transactions such as remittances, micropayments, and peer-to-peer transfers.
TON
Pavel Shuvalov | Website | Dashboard
TON is moving toward the next billion Web3 users, attracting millions of Web2 users daily
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In 2024, project leaders launched several major tokens on TON—including NOTCOIN in May, DOGS in August, and CATI, RBTC, and HMSTR in September. These tokens were distributed via airdrops to users of Telegram mini-apps, which operate within the messaging platform. Conducting airdrops is a significant challenge for any blockchain, but TON has achieved remarkable success—each token attracted over one million holders within a week of its initial airdrop.
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TON is the fastest-growing L1 blockchain overall. Last month, TON surpassed Polygon in the number of addresses holding tokens and is now aiming to catch up with TRON and BNB.
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Thanks to its unique scalable architecture, TON is capable of deploying millions of new smart contracts in a single day.
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