Crypto Prices Are Down, But $SUI, $TON, $APT and Other Networks See On-Chain Growth

Amidst the current market downturn, several blockchains have exhibited encouraging data growth that may provide solace to traders.

Six tokens in particular have garnered attention: $SUI, $TON, $APT, $ETH, $SEI, and $CAKE.

$APT and $SUI Experience Surges in Fees and Trading Volume

Aptos ($APT) has witnessed a significant surge in its on-chain fees, increasing by 72% over the past month. This indicates growing network utilization, driven by the proliferation of decentralized applications (dApps) and services.

Meanwhile, $SUI has recorded an impressive 90% increase in trading volume, suggesting increased traction among traders despite the broader market decline. Enhanced trading activity is an encouraging sign, indicating a more liquid and active market.

TVL and Holder Growth for $SEI and $TON Networks

Sei ($SEI) has experienced a 51% increase in total value locked (TVL), signaling growing interest in its decentralized finance (DeFi) projects. Increased TVL suggests increased investment in the network's DeFi protocols, potentially enhancing its long-term stability.

Additionally, the TON network ($TON) has seen a 47% surge in the number of token holders. This expansion in ownership suggests increased adoption and engagement, potentially fostering decentralization and network participation.

DEX Volume and Staking Growth

PancakeSwap ($CAKE) has witnessed a 36% increase in DEX volume, demonstrating increased activity and market strength within the decentralized finance arena.

Finally, the amount of Ethereum ($ETH) used for staking has grown by 2.13%, although modest, this increase signifies steady growth in staking activity that supports Ethereum's proof-of-stake system.