55 Smart Contracts Are The Foundation Of The Internet Financial System In their infancy, smart contracts are powering a novel financial system that is native to the internet. Ignited by Ethereum, the largest smart contract blockchain, multiple networks are supporting on-chain activity and vying for market share. Smart Contract Market Value Price Performance Transaction Fees Network 2023e 2023 Top 6 Smart Contract Networks, 2023 S Ethereum $ 274 billion +90% Ethereum Tron BNB Chain Avalanche Solana Polygon PoS T C A R T N BNB Chain $ 49 billion +28% O C T R A Solana $ 44 billion +924% SM $3.7 Avalanche $ 14 billion +254% Billion Tron $ 9 billion +120% Polygon PoS $ 9 billion +28% NOTE: Networks represented are smart contract Layer 1 blockchains with >$10 million in 2023 transaction fees. Sources: ARK Investment Management LLC, 2024. This ARK analysis is based on a range of underlying data from external sources, which are available upon request. Forecasts are inherently limited and cannot be relied upon. For informational purposes only and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security. Past performance is not indicative of future results.