NEAR Protocol

Solana

Jito

Solana (SOL), TON (The Open Network), and NEAR Protocol have beat the broader crypto market in the past year. Bitcoin recorded a 100% return over the period but the 3 networks—SOL, TON, and NEAR— showed a major increase in daily active users (DAU) and fee revenue. 
Also Read:<a href="https://www.cryptopolitan.com/bitcoin-price-forecast/"> Bitcoin Price Prediction 2024, 2025, 2026-2030</a> 
However, the surge in network activity comes at a time when Ethereum and BNB Chain have reportedly seen contractions in fee revenue with negligible user growth. Solana has surpassed 1 million daily active users, TON has experienced a 1450% increase in DAU, and NEAR is approaching 1 million users as well. 
<h2 id="span-style-font-weight-400-bitcoin-returned-100-in-12-months-span">Bitcoin returned 100% in 12 months</h2> 
Jamie Coutts, chief crypto analyst at Real Vision, <a class="editor-rtfLink" href="https://x.com/Jamie1Coutts/status/1807599401520845229" target="_blank" rel="noopener nofollow">noted</a> that several networks outperformed the overall crypto market last year. 
According to Coutts, Bitcoin returned over 40% in the last months with at least 6 players exceeding the average of the largest coin. The top performers include The Open Network Toncoin, NEAR, and Solana, which returned 258%, 40%, and 34% respectively. 
As per the analyst, Bitcoin has performed well over the past 12 months, returning over 100%. However, he finds that 3 networks showed robust growth in terms of daily active users (DAU) and fee revenue– Solana, NEAR Protocol, and The Open Network. 
<h2 id="span-style-font-weight-400-solana-ton-near-see-user-growth-span">Solana, TON, Near see user growth</h2> 
Solana’s market cap which is closely chasing the $70 billion mark at press time, saw its DAU surpass 1 million. As per Coutts’ analysis, the daily active user growth over 6 months was almost 200%. At the same time, the fee revenue for the network was close to $2 million. This was after the fee revenue growth of over 790%. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Whales have bought more than 45 million <a href="https://twitter.com/hashtag/Toncoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Toncoin</a> <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$TON</a> over the past week, worth around $346.5 million! <a href="https://t.co/P3UKHHjHcU" rel="nofollow" target="_blank">pic.twitter.com/P3UKHHjHcU</a> 
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1807407759849132080?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">June 30, 2024</a>
</blockquote> 
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Toncoin managed to surpass a market cap of $19 billion at the time of writing. Coutts notes that it witnessed 1450% growth in DAU and almost 180% in fees in 6 months. 
Also Read: <a class="editor-rtfLink" href="https://www.cryptopolitan.com/ton-price-prediction/" target="_blank" rel="noopener">TON price prediction 2024-2030: Will TON reach $100</a> 
TON has over 488K daily active users and fee revenue of around $114,000. Meanwhile, TON whales have been active. The foundation behind the network also recently supported Adsgram which lets <a class="editor-rtfLink" href="https://x.com/_TOBTC/status/1806277289778528278" target="_blank" rel="noopener nofollow">developers</a> of mini-apps on Telegram earn Toncoin. 
Meanwhile, <a href="https://twitter.com/HouseofChimera/status/1806717888000372922?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1806717888000372922%7Ctwgr%5E57e48625d5b25310acc27004dea29a0157f9a278%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fwww.cryptopolitan.com%2Fwp-admin%2Fpost.php%3Fpost%3D549703action%3Deditclassic-editor">Near’s market cap</a> is hovering in the $6 billion range. Its DAU count is about to touch 1 million while the growth rate is in the north of 60%. The fee revenue for the network touched $26K with growth over 6 months at over 200%. 
The inclusion of new decentralized applications, like Sweat Economy, is a major <a class="editor-rtfLink" href="https://twitter.com/HouseofChimera/status/1806717888000372922" target="_blank" rel="noopener nofollow">reason for</a> the rise. 
<h2 id="span-style-font-weight-400-surge-led-by-increased-activity-span">Surge led by increased activity</h2> 
The 3 networks recorded an increase when Ethereum and BNB Chain reportedly saw a contraction in fee revenue and minimal growth in users. 
With analysts betting on an altcoin season in this part of the cycle, institutional investors seem to be backing <a href="https://twitter.com/smyyguy/status/1807821814241841617?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1807821814241841617%7Ctwgr%5Ee2f300f1368139b223f70c527200ce1a531a0d11%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fwww.cryptopolitan.com%2Fwp-admin%2Fpost.php%3Fpost%3D549703action%3Deditclassic-editor">Solana</a>. Recently, Matthew Sigel, head of digital research at VanEck <a class="editor-rtfLink" href="https://x.com/matthew_sigel/status/1807775290396942559" target="_blank" rel="noopener nofollow">confirmed</a> the firm’s bet on Solana ETF. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Solana just printed a new ATH in monthly economic value (fees + MEV) at $91.3M or $1.1B annualized 
 The economic value is driven 53% by priority fees on non-vote transactions and 41% by Jito tips <a href="https://t.co/gsLXVfwtOt" rel="nofollow" target="_blank">pic.twitter.com/gsLXVfwtOt</a> 
 — Dan Smith (@smyyguy) <a href="https://twitter.com/smyyguy/status/1807821814241841617?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">July 1, 2024</a>
</blockquote> 
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Solana recently hit a new record by generating $91.3 million in one month from transaction fees and tips, which could add up to $1.1 billion a year. 
Meanwhile, NEAR is reported to see several active decentralized applications (dApps), like Sweat Economy. DApps often bring more users and activities to a network. In return, usage leads to more growth and development for the chain. 
Cryptopolitan reporting by Shraddha Sharma

SOL, TON, NEAR lead in on-chain network growth; here’s why

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