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TRON and Bitcoin Outpace Ethereum and Solana in TVL Efficiency Per Protocol
- TRON and Bitcoin lead in total value locked (TVL) efficiency per protocol, surpassing Ethereum and Solana.
- TRON network holds the top spot with an average of $131 million TVL per protocol, followed by Bitcoin at $83.4 million.
- Ethereum, despite having the most protocols, ranks third with an average of $33.7 million per project.
- Solana takes the fourth position with an average of $29.0 million TVL per protocol.
- TRON's high TVL efficiency signifies concentrated capital in a smaller number of successful protocols.
- Bitcoin's surge in TVL efficiency is attributed to the development of DeFi protocols and layer-2 solutions on its blockchain.
- Berachain shows notable capital concentration with 53 protocols averaging $48.6 million TVL each.
- Solana, despite its popularity, has lower average TVL per protocol at $29.0 million across 210 protocols.
- Ethereum's TVL per protocol is slightly above Solana, indicating challenges in capital efficiency despite significant capital deployed.
- Assessing TVL per protocol offers insights into capital efficiency, user distribution, and project success within blockchain ecosystems.
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