2024 will be exciting, except that Bitcoin can be said to have attracted a lot of attention, from the popularity of spot ETFs at the beginning of the year to Trump's election as president at the end of the year.

In addition to Ethereum, the public chain competition in 2024 is also very exciting. Today we will briefly review:

Let’s first look at Ethereum. The price of Ethereum has been unable to break new highs:

In fact, Ethereum's performance this year is already worthy of this currency price:

Because Ethereum’s TVL has not reached a new high. The last bull market had a TVL of 100 billion, but this round has not even broken 80 billion. From a TVL perspective, this gap is basically the same as the currency price fluctuation.

If you look at Ethereum from the perspective of income, it is even worse. Gas fees have almost disappeared, and they have dropped ten times compared to the previous bull market!

Solana has actually performed well this year, and its currency price is basically the same as the previous high.

Let’s look at TVL again. Sure enough, this year’s high point is the same as the high point of the last bull market. Also basically the same:

But this year’s Solana is different from the previous Solana. This year’s Solana’s on-chain transactions are extremely active, so the on-chain gas fee has increased by a thousand times compared to the last bull market!

Considering that Solana’s earning power has increased, the currency price still has a solid foundation for rising~

Bitcoin’s price hits new highs:

This Although the currency price trend is not so closely related to the development of Bitcoin, BitcoinGreat progress has been made this year:

First of all, starting from 2024, the Bitcoin chain The assets on the Internet also have TVL, which is due to the explosion of the Bit ecosystem.

And the scale of this TVL is second only to ETH and Solana among mainstream public chains, which can be said to be a very good result.

However, the gas fee on the chain has dropped sharply after the inscriptions and runes in the first half of the year. Maybe the bit chain is more suitable for value storage, maybe in the future The main competitor is the Ethereum main chain.

Binance Chain’s token BNB also hit a new high this year:

However, this currency price performance should be mainly due to Binance’s dominance in the exchange.

Because the performance of Binance Chain this year is actually relatively average:

Looking at the scale of TVL, it has remained at US$5 billion in 24 years, which is mainly a quarter of the peak of the last bull market.

From the perspective of Gas consumption, this round is far inferior to the previous round.

Base chain is considered to be the best-performing Ethereum Layer 2 this year, but unfortunately no coins have been issued.

With the strong support of Coinbase, the TVL of the Base chain has risen all the way to a scale of 3 billion US dollars, which is very close to BSC.

Gas consumption is also maintained at a similar level to BSC.

Considering that the trading volume of Coinbase is ten times worse than that of Binance, the development level of Base chain can be used as an excellent representative of exchange chains.

As an outstanding representative and the previous boss of Ethereum's second-layer chain, Arbitrum can be said to be not only beaten by public chains such as Solana/BSC in 2024, but also overtaken by Base later.

Anyone who heavily positions Layer 2 this year will miss out on the entire bull market. By the end of 2024, the price of the token ARB will not only not rise, but will also be cut in half.

From a TVL perspective, Arb remains stable.

But from the perspective of gas fees, Arb has basically withdrawn from public chain competition after the Cancun upgrade this year, and is a bystander in the meme war.

Finally, I put the TVL screenshots of each public chain here for everyone:

The competition among public chains in 2025 will still be very fierce. The leading public chains recommend that everyone pay more attention to the TVL indicator~