The latest data shows that several prominent blockchains have experienced significant year-on-year (YoY) growth in transaction volume, leading to strong competition. The Open Network (TON) tops the list with a remarkable 2492% increase in transaction volume, totaling 241 million transactions. NEAR follows closely with a YoY growth of 997% and a total of 1.8 billion transactions. Injective experienced a 261% increase, reaching 644 million transactions. Axelar and Avalanche round out the top five with growth rates of 181% and 145%, respectively. Other blockchains, including Stacks, Polkadot, Gnosis, Celo, and Arbitrum, have also seen significant transaction growth. This reflects the industry trend of diversification beyond the largest platforms.



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