Chainlink ($LINK) has solidified its position as the most valuable blockchain infrastructure project, reaching a fully diluted valuation (FDV) of $12.7 billion, according to recent data provided by the Top 7 ICO. This comes after an incredible 9,962% surge from its all-time low (ATL), marking a significant restructuring of infrastructure tokens within the marketplace.
This remarkable growth can be attributed to Chainlink’s recent deployment of its Proof of Reserve (PoR) on the Ethereum mainnet. This new PoR was integrated via the Ether.fi liquid re-staking protocol, boasting a total value locked (TVL) of over $4 billion. This integration aims to enhance transparency within the Decentralized Finance (DeFi) sector, utilizing on-chain real-time checks of 2.4 million staked Ethereum.
Filecoin (FIL) follows with an FDV of $4.95 billion, marking an upswing of 17.4% from its ATL. LayerZero (ZRO) holds the third position with a valuation of $2.56 billion, showing an annual growth of 69.9%.
Walrus (WAL), with an FDV of $2.27 billion, and Polyhedra Network (ZKJ), with an FDV of $2.25 billion, round out the top five. Notably, ZKJ revealed an impressive 114% increase from its lowest market price, indicating strong investor confidence.
Emerging projects also demonstrate strong performance metrics. EigenLayer (EIGEN), the sixth most capitalized NFT project, has an ATL of $1.137bn, marking a 19% increase. The project has maintained relevance through its continued focus on staking and security enhancements. Pyth Network (PYTH) and the Artificial Superintelligence Alliance (FET) have also reported impressive growth, with FDVs of $1.33 billion and $1.29 billion respectively.
However, the spotlight has been stolen by Quant (QNT). Despite holding the tenth spot with an FDV of $973 million, significantly smaller than LINK or FIL, QNT has surged by a staggering 40,923% from its ATL. This growth places Quant ahead of all other listed projects, highlighting its exceptional performance in the blockchain infrastructure sector.
These FDV rankings encompass a broad spectrum of blockchain infrastructural projects, from data oracles and decentralized storage to interoperability and protocols with artificial intelligence components. The primary trend driving valuations upward across multiple markets is a user-driven focus on technological functionality and the practical implementation of this functionality.
With the continued growth and development of these projects, the future of the blockchain infrastructure sector looks promising. This is a testament to the increasingly widespread adoption and integration of blockchain technology across various industries.
