Solana meme tokens stole the show in 2024, but which blockchain was the most economically sound? My video covers the revenue generated by Ethereum, Tron, Base & more with a special focus on Thorchain.
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Video links:
🔗Full 2024 Analysis: https://cryptorank.io/insights/reports/the-year-2024-a-historic-milestone-for-cryptocurrency
🔗Solana Docs: https://solana.com/docs
🔗Thorchain Docs : https://docs.thorchain.org/
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What is SOLANA?
Solana, launched in 2020 by Anatoly Yakovenko, is a high-performance blockchain designed for speed, scalability, and low fees. Its unique Proof of History (PoH) innovation allows Solana to process thousands of transactions per second, making it ideal for dApps and DeFi. The native token, SOL, powers staking, transactions, and network governance. Solana is recognized for its fast-growing ecosystem and focus on enabling Web3 scalability.
What is THORCHAIN?
THORChain is a network that facilitates native asset settlement between Bitcoin, Ethereum, BNB Chain, Avalanche, Cosmos Hub, Dogecoin, =”https://interchaininfo.zone/indexes/solv-protocol” target=”_blank” data-ici-summary=”Solv Protocol – a Decentralized Bitcoin Reserve” title=”Solv Protocol”>Bitcoin
Cash, Litecoin & Base. THORChain is secured by its native token, RUNE, which deterministically accrues value as more assets are deposited into the network.
What is BASE?
Base is Coinbase’s Layer 2 blockchain built on Ethereum, offering faster and cheaper transactions for crypto users. It uses Optimistic Rollups to bundle transactions and lower costs while staying secure with Ethereum. Base powers dApps, DeFi, and NFTs, making blockchain easier for beginners and developers. Backed by Coinbase, it’s a bridge between crypto and the traditional finance world.
