3 out of 4 of the Top Smart Contract Tokens Outpaced Ethereum’s 12 Month Gains – Smart Contracts Bitcoin News

The bitcoin price has fluctuated in the last seven day, but smart contract platforms such as Smart Contracts have performed much better over this week. Statistics indicate that the total value locked (TVL) in decentralized finance (defi) is $267 billion and the TVL held on Ethereum commands the lion’s share of this value. Ethereum, the most valuable smart contract platform, is currently the biggest in market value, although a few competitors have seen significant increases in their values over the past 12 months.

3 Smart Contract Tokens Surpassed Ethereum’s 12 Month Gains by a Long Shot

The largest smart contract platform Ethereum (ETH) has a market valuation of around $555 billion and it commands 18.7% of the entire crypto economy’s net value. Metrics also show that there’s $267 billion TVL in defi today, and the Ethereum protocol captures $179 billion or 49.16% of the overall TVL in defi. Today, $15.5 Billion in global swaps are held by ether, which is significantly more than any of its rivals. ETH has outpaced BTC in 12 month gains with 914% during the last year, compared to BTC’s 299% increase in value.

3 out of 4 of the Top Smart Contract Tokens Outpaced Ethereum's 12 Month Gains
The top five smart contract platforms based on market value as of November 13, 2021. Ethereum (ETH), $555 billion; Solana(SOL) $71.2 million; Cardano [ADA] $66.5 billion; Avalanche ($20 billion) and Chainlink (LINK] $15.9 billion.

However, a number of other smart contract platforms have outperformed ETH’s 12-month stats. Solana (SOL), which holds fifth place in the market capitalization, is second for smart contract platforms, with an estimated $71.2 million. ETH’s 914% 12 month gain is decent but SOL jumped 12,337% during the last year. Solana’s market capitalization dominance is 2.39% on Saturday. Solana has $14.22 billion in TVLs, the third-largest TVL (by chain) below Binance Smart Chain (BSC).

Cardano (ADA), the third largest smart contract platform, has a market cap of $66.5 billion and is currently the third. ADA has also outperformed ethereum’s (ETH) 12-month gains as ADA has risen 1,881% this past year. The metrics for TVL in defi do not reflect any stats about Cardano’s blockchain. Cardano’s market capitalization on Saturday is around 2.23% of the whole market economy. Avalanche, a crypto asset (AVAX) is fourth in market capitalization for smart contracts.

The 5th largest smart contract token chainlink sees smaller gains than Ethereum this year — LUNA and MATIC Climb in Value

Avalanche (AVAX) has a market capitalization of around $20 billion on Saturday and there’s $625 million in global AVAX swaps during the last 24 hours. Avalanche is represented on defillama.com’s chains market metrics, and is the fifth-largest defi chain in terms of TVL ($10.11B) under Terra. Avalanche falls within the market valuation for terra (LUNA), which means that AVAX is in the 13th position. 12-month metrics indicate that AVAX too has outpaced ethereum’s gains as AVAX climbed 2,598% year to date.

3 out of 4 of the Top Smart Contract Tokens Outpaced Ethereum's 12 Month Gains
The top ten most valuable defi protocol in terms of total value locked November 13, 2021.

Chainlink (LINK), the fifth largest smart contract platform in terms of market capitalization, has an estimated value of $15.9billion today. LINK’s market value of $15.9 billion places it in 15th place among the thousands+ cryptocurrency-assets. Unfortunately for ‘LINK Marines,’ chainlink has not outpaced ethereum in terms of gains. Year-to-date, LINK has gained 175% in value after hitting the crypto asset’s all-time high six months ago on May 10, 2021. Still, in terms of smart contract platforms, the sixth-largest chain Algorand (ALGO) needs to jump 17.61% higher in order to surpass LINK’s market valuation.

Other high-performing tokens for smart contracts include terra, which is up 15.925% in the past year, polygon, (MATIC), and fantom, (FTM), up 14.924% over the same period. Blockchains such as Binance Smart Chain, Terra, Tron, Tron ($6.45B), Fantom (FTM) and Polygon ($5B are the top defi TVLs, without mentioning ETH or SOL, AVAX.

How do you feel about smart contract platforms ranked by market capitalization? What are their market performance over the past 12 months? Comment below and let us know how you feel about the subject.

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Images CreditsShutterstock. Pixabay. Wiki Commons. defillama.com.

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