Ongoing performances of the Major Blockchain Networks

Back in 2009 when Bitcoin was launched, the entire cryptocurrency network had only one blockchain network. However, with the passage of time, the cryptocurrency and blockchain networks expanded.

Over time, more blockchain networks have been introduced within the industry. Although several blockchain networks have been launched into the industry, there is only a handful that has outperformed the rest.

These particular blockchains have gained a lot of recognition in the entire crypto-verse for their usability and convenience. These blockchains have been launched so the users on these networks can benefit from them as much as possible.

Some of these major blockchains include Polkadot, Binance Smart Chain, Solana, and Avalanche. These blockchains are currently the largest and these have been exhibiting the highest capitalization and trading volumes compared to the rest.

Among the above-mentioned blockchain networks, the Binance Smart Chain is currently the largest in terms of market valuation and daily trading volume. At present, the overall valuation of the Binance Smart Chain is $1,024,719,905,028. Then there is the 24-hour trading volume for the Binance Smart Chain that is currently at $136,783,284,137.

Three of the most valued cryptocurrencies currently circulating through the Binance Smart Chain are Ethereum (ETH), Cardano (ADA), and Dogecoin (DOGE). Ethereum currently has a valuation worth $494,678,198,871. Then it is Cardano with a valuation worth $1,994,807,086. Then it is Dogecoin that has a valuation worth $990,036,895.

The second-largest valued blockchain network is the Solana network in terms of valuation and trading volume. The market capitalization of the Solana network is $179,328,738,671. As for the 24-hour trading volume, it is $75,960,071,245 on the Solana network.

The three highest valued cryptocurrencies hosted by the Solana network include Solana (SOL), Terra (LUNA), and Chainlink (LINK). Solana currently has a valuation worth $55,324,104,135. Then it is Terra that has a valuation worth $27,050,336,180. The third cryptocurrency is Chainlink that has a valuation worth $9,477,982,356.

The third-largest valued blockchain network is Avalanche in terms of valuation and trading volume. The market capitalization of the Avalanche network is $120,857,145,410. As for the 24-hour trading volume, it is $73,613,063,355 on the Avalanche network.

The three highest valued cryptocurrencies hosted by the Avalanche network are Avalanche (AVAX), SushiSwap (SUSHI), and Ren (REN). As of now, the market valuation of Avalanche is $21,487,757,068. The market valuation of SushiSwap is $691,476,382. Ren reportedly has a valuation that is worth $572,453,773.

The third-largest valued blockchain network is the Polkadot Network. The valuation of the network is $50,084,296,009 while the trading volume on the network is $3,860,623,290.

Polkadot (DOT), Kusama (KSM), and Compound (COMP) is the largest valued cryptocurrencies on the Polkadot network. The valuation of the Polkadot cryptocurrency is $27,519,067,779, while the valuation of Kusama is $2,590,820,388, and the valuation of Compound is $1,235,544,426.

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