XDC Network Surpasses Polkadot with $2.97 Billion in Total Value Locked on CoinMarketCap

Blockchain platforms are leading the way in creating and managing a range of web3 functionality. The industry consists of several networks that provide new infrastructure to the user. XDC Network, a platform popular for its features, has outperformed kadena, polkadot, vechain, and cosmos, in Total Value Locked (TVL), according to CoinMarketCap (CMC) data. project.

The XDC network combines decentralization, high-speed transactions, near-zero fees, and security. On CMC, XDC is ranked 91 on TVL, above Litecoin and Polkadot.

An XDC fan tweeted, “It is not always the price that determines the value of a project; instead, do your research and make a conclusion.”

From now on, he emphasizes that users should not blindly judge the value of a platform based solely on price. The true potential may be hidden by its features and the value it adds to society.

The fastest growing blockchain networks

The blockchain industry is one of the active and fastest growing technologies in building the future of digital infrastructure.

According to statistics, global blockchain technology is expected to grow at a compound annual growth rate of 85.9% from 2022 to 2030.

Meanwhile, by 2026, the blockchain market will be worth $67.4 billion, as security and ease of access to financial tools drive blockchain adoption.

The XDC community relies on the platform’s improved mechanism to address scalability, operational safety, and interoperability challenges. Through this, it aims to gradually attract more users and increase TVL.

According to GenX Analytics, a platform that shares crypto market data insights that measures TVL metrics for the past week, STARS, XLM, and KAVA lead with increases of 67%, 66%, and 63%, respectively.

After that, XDC was up 12% in terms of TVL metrics. This demonstrates the effectiveness and development of XDC in the sector, indicating its potential.