We’ve compiled a list of the fastest-growing crypto and blockchain companies to watch closely in 2024.
This detailed exploration spotlights the achievements and growth metrics of the fastest-growing blockchain companies, providing insights into their developments throughout 2023. Their growth rates last year have put them on the list of entities to look out for in 2024.
Yet, regulatory hurdles, market conditions, and security issues can affect even the top promising firms in the digital currency ecosystem.
Fastest-growing blockchain companies
Solana
With 2,500 to 3,000 developers working on innovative solutions in 2023, Solana was one of the fastest-growing blockchains in the previous year.
The platform showcased its diverse and rich ecosystem through events such as the Solana Season Hackathon, the Breakpoint Conference, and the Solana Solstice Festival.
The Solana token, SOL, recorded one of the largest yearly gains of 2023, soaring 920% from January to December 2023, ending the year above the $100 mark. Solana’s total value locked (TVL) surged to a peak of $1.5 billion as 2024 started.
The Solana DEX maintained a strong performance, with more than $1 billion in volume for eight months in a row. The platform also witnessed the emergence of many community-driven projects, such as Saga, that demonstrated its technical excellence and loyal and active user base.
Sui
Sui, a layer-1 blockchain created by ex-Meta engineers, achieved a remarkable valuation of $2 billion after securing $336 million in funding in September 2022. Its mainnet went live in May 2023, sparking a surge in defi activity on its network.
Sui’s features, such as parallel execution and a new consensus algorithm, enabled its protocols to reach a TVL of more than $175 million by the end of 2023.
Besides technical accomplishments, Sui also gained mainstream attention last year, featuring in a white paper from the World Economic Forum (WEF) in April 2023, which spotlighted
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