Monolith

Solana

Aptos

The post <a href="https://cryptosnewss.com/monolithic-blockchains-dominating-crypto-scene-how-solana-sui-aptos-crushed-september/" rel="noopener noreferrer nofollow">Monolithic Blockchains Dominating Crypto Scene: How Solana, Sui &amp; Aptos Crushed September</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.Monolithic blockchains are designed to combine the three key components of blockchain architecture—consensus, data availability, and transaction execution—into a single layer. This design choice contrasts with modular blockchains, which separate these components to allow for greater specialization and scalability. While modular blockchains can offload specific tasks to layer-2 solutions, monolithic blockchains aim to achieve high throughput and efficiency within a unified framework.VanEck’s September report highlighted that <a href="https://cryptosnewss.com/solanas-800m-surge-will-it-break-the-160-barrier/" rel="noopener noreferrer nofollow">Solana</a>, Sui, and Aptos are examples of this monolithic approach. Solana, in particular, has gained significant traction due to its capacity to rapidly handle large volumes of transactions. Its Proof-of-History consensus mechanism enables it to process thousands of transactions per second, making it appealing for applications that require high-speed, low-cost transactions, such as decentralized finance (DeFi) and non-fungible tokens (NFTs).Sui’s 118% price increase and 140% rise in daily active addresses signal robust user engagement and adoption. This uptick was driven by strategic partnerships, the launch of new dApps, and enhancements in network functionality. Sui’s focus on user experience and ecosystem expansion highlights the importance of continuous innovation in maintaining a competitive edge and user interest in a rapidly evolving market.Aptos’s 23% price gain and significant month-over-month increase in active users were bolstered by the Raptr software upgrade. This upgrade not only improved the network’s performance but also introduced new features that enhanced the overall user experience. Aptos’s success underscores the critical role of regular updates and optimizations in sustaining growth and engagement.VanEck’s report provides insights into the broader trends within the blockchain industry, showcasing how different architectural philosophies can impact network performance and adoption. The performance of monolithic blockchains in September demonstrates the potential of integrated blockchain solutions to address current scalability and efficiency challenges.The rise of monolithic blockchains like Solana, Sui, and Aptos is a testament to the ongoing innovation within the blockchain space. As these networks continue to evolve and adapt to the demands of their users, they will play a crucial role in shaping the future of decentralized technologies and digital economies. This trend also highlights the dynamic nature of the blockchain industry, where new architectural approaches and technological advancements can quickly shift the landscape and drive significant changes in market dynamics.The post <a href="https://cryptosnewss.com/monolithic-blockchains-dominating-crypto-scene-how-solana-sui-aptos-crushed-september/" rel="noopener noreferrer nofollow">Monolithic Blockchains Dominating Crypto Scene: How Solana, Sui &amp; Aptos Crushed September</a> appeared first on <a href="https://cryptosnewss.com" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Monolithic Blockchains Dominating Crypto Scene: How Solana, Sui & Aptos Crushed September

Cryptos Newss

Other articles published on Oct 5, 2024

US Crypto ETFs Surge with $350M in New Inflows

SEC Settles Charges with TrueCoin and TrustToken Over Fraudulent TUSD Sales

3 Smart Picks for 100x in 3 Months: ALGO, FTM, ATOM

Bitcoin News: Bitcoin Core 28.0 Launches With Major Bug Fixes & Improvements

Tether’s USDT Faces Potential Delisting from Coinbase

Altcoins Gain Traction as Crypto Market Diversifies

Join our free newsletter for daily crypto updates!