Public chain development and existing problems
By the end of 2021,By the end of 2021,TVL on Ethereum
, has grown rapidly from US$20 billion in January 2021 to a peak of more than US$180 billion. As the DeFi business matures and more and more users pour in, Ethereum has also begun to become overwhelmed. Problems such as transaction congestion and high handling fees make Ethereum have to think about expansion plans.
The expansion of Ethereum and the need for infrastructure improvement provide opportunities for other entrants to develop. This year, the new public chain ecology is booming, and it can be said that it has entered the public chain Summer.
Footprint Analytics - TVL of Public Chain
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Among them, exchanges with powerful users and project resources also quickly seized the opportunity to develop their own public chains (CEX public chains) to lay out the DApp ecology. The competition between exchanges also extends from the trading of encrypted assets, contract products, IEO, to DeFi, and even the integrity of other DApp ecosystems.
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Features of CEX public chain
At present, in the cryptocurrency ecosystem, whether it is project tokens, wallets, DEX, mining, cross-chain, or account management, the links between them are getting closer and closer.
Based on the infrastructure of the public chain, they can be combined into a whole, support each other, and connect with each other, bringing greater market competitiveness to the layout of the ecosystem.
In terms of DeFi ecology, some exchanges have formed a decentralized financial ecosystem, which covers important content such as decentralized stablecoins, decentralized transactions, decentralized lending, liquidity mining, oracles.
In this article, Footprint Analytics compiled a comparison of the key elements of the current mainstream 6 major exchange public chains:
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Most of the CEX public chains have chosen to build public chains based on the Cosmos SDK. The biggest advantage of Cosmos is that it supports cross-chain and is friendly to developers.
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Footprint Analytics - Chain TVL Distribution - CEXs Overview
Footprint Analytics - TVL by Chain - CEXs
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The mainstream CEX public chain, BSC still occupies the position of the king of the exchange public chain. As a late star, Cronos has also increased its TVL by more than 1 billion in just one month. On the contrary, the old exchange public chain, Heco, has not seen a significant increase in TVL in the past year.
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Overview of the ecological foundation of each chainBSCAt present, the most complete ecological construction is
, there are more than 260 Protocols in the ecology, covering various business types such as DEX, Yield, and Lending. At present, it is also the mainstream trading public chain of GameFi.
The second largest number of Protocols is the Heco chain, which currently has 33 DApps. Among them, MDEX accounts for 53% of the TVL on the HECO chain, accounting for $980 million; the smart pool project BXH has a TVL of $330 million, accounting for 18%; other projects The proportion of TVL is very small, and the TVL is less than 100 million.
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Footprint Analytics - Numbers of Protocols by Chain - CEXs
Footprint Analytics - Chain TVL Market Share - CEXs
Footprint Analytics - Chain TVL Distribution - CEXs
Generally speaking, the value of the platform currency depends on the value of the exchange itself and the ecological construction of the platform. The higher the popularity of an exchange, the greater the transaction volume, and the better the infrastructure construction, the higher the value of the platform currency will naturally be. We can take a peek at the exchanges business operations and ecological construction results from the platform currency performance.
Footprint Analytics - Token Price & Market Cap - CEXs
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About Footprint Analytics:
Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy the zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.
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