Tether USDt

Cosmos

Kava

Solana

Curve DAO Token

Polkadot

Lido DAO

<ul><li>Ignas highlights slow adoption rates for new EVM chains, with Solana&#39;s NEON seeing around 200 daily transactions and a TVL of $23k.</li><li>While Near&#39;s Aurora saw a drastic TVL drop, Moonbeam retains decent activity, and Cosmos Kava emerges as the standout with increasing trade volumes.</li><li>Market conditions influence performance; chains launched during bullish phases outperform those introduced in bearish times, as seen with NEON and EOS EVM.</li></ul>Ignas, a prominent DeFi researcher and content creator, has provided insights into the adoption rates of various EVM chains, drawing attention to Solana&#39;s recently launched EVM chain, NEON. Despite Solana&#39;s promise of combining Ethereum&#39;s infrastructure with faster speeds and reduced fees, NEON&#39;s daily transactions currently hover around 200, with only two dApps deployed and a TVL of just $23k.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/dad235ac5f324e768ca3537d76867e87.png" />This slow uptake isn&#39;t unique to Solana. EOS EVM, which boasts features like 1-second block intervals and support for over 800 swaps per second, only witnesses approximately 400 daily transactions. Interestingly, a significant chunk of EOS&#39;s TVL is concentrated in a single dApp, Noah Swap.Near&#39;s Aurora, once a market darling with a TVL of $1.28B in 2022, has dramatically shrunk to a TVL of $15.8M today. On the other hand, Moonbeam, Polkadot&#39;s EVM parachain, has managed to maintain decent traction with leading dApps like Lido, Frax, and Curve deployed on its platform.Read full article at <a href="https://cryptotale.org/adoption-struggles-for-new-evm-chains-solanas-neon-and-others/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Adoption Struggles for New EVM Chains: Solana's NEON and Others

CryptoTale

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