Blockchain Activity Insights: A Look at Active Address Trends
The dynamic world of blockchain continues to evolve, with various networks experiencing shifts in user activity. Active addresses, representing distinct wallets interacting with a chain, serve as a crucial metric for gauging network adoption and usage. Here’s a detailed analysis of recent activity patterns across notable blockchain networks.
Top Performers in Daily Active Addresses
1. Base: Leading the pack with over 1.09 million active addresses yesterday, Base recorded a slight 8.7% decrease over 24 hours but maintains an impressive 2,110% growth over the year - #base链

2. Arbitrum One: With 396.14k active users, Arbitrum showed stability with a modest year-on-year increase of 97%, though short-term trends saw a 4.9% drop - #arbitrum

3. Taiko: Notable for its consistent growth, Taiko engaged 196.98k users yesterday, experiencing a 14% daily increase and a 31% rise over the past 30 days - #Taiko

High Growth Chains Over the Year
- World Chain: With a modest 25.8k active addresses, this chain boasts an extraordinary 2,417% annual growth, showcasing its rising relevance in the blockchain ecosystem - $WLD

- Metis: Similarly, Metis achieved an astonishing 2,018% growth year-on-year, with a current user base of 25.86k, reflecting increasing traction and ecosystem expansion

- Mantle: While experiencing a slight daily dip of 11.6%, Mantle’s annual growth of 618% underscores its rapid adoption trajectory.

Short-Term Winners
- Polygon zkEVM: Displaying an impressive 234% daily increase and a 108% rise over 30 days, this chain saw its active addresses reach 6.51k, signaling strong recent activity - $POL

- Manta Pacific: Engaging 93.48k users yesterday, Manta Pacific surged by 37% in 24 hours, though its longer-term metrics reveal a 40.7% decline over the past 30 days.

Chains Facing Challenges
While several chains experienced growth, others struggled to maintain momentum:
- Starknet: Despite a respectable daily active user count of 8.06k, Starknet witnessed a 94.1% decline over the year, reflecting a significant reduction in activity - $STRK

- Immutable X: Engaging 2.93k users yesterday, this chain saw a 24.6% annual decline, highlighting waning interest or utility.

- rhino.fi: This chain experienced one of the sharpest declines, with a 92.9% reduction in activity year-on-year.

Emerging Trends
1. Divergence Between Short and Long-Term Growth: Chains like Polygon zkEVM and Zora exhibit robust short-term activity increases, while others like Base and Metis demonstrate sustained long-term growth.
2. Significant Annual Growth Among Newer Networks: Chains such as World Chain and Metis are capitalizing on unique use cases, attracting fresh user bases.
3. Volatility in Established Chains: Immutable X and #Starknet , despite their early promise, face challenges in retaining active users.

Starknet $STRK is a Layer 2 network built on top of Ethereum that uses the STARK cryptographic proof system to scale Ethereum and reduce transaction fees. It has the potential to revolutionize the blockchain industry by providing a faster, cheaper, and more secure platform for decentralized applications (dApps).Pros of Investing in StarknetScalability: Starknet can process significantly more transactions per second than Ethereum, making it a more viable solution for real-world applications.Security: Starknet inherits the security of Ethereum, as it utilizes the same underlying blockchain for final settlement.Lower fees: Transactions on Starknet are significantly cheaper than on Ethereum, making it more accessible to users and developers.Strong team: Starknet is backed by a team of experienced engineers and cryptographers with a proven track record in blockchain technology.Growing ecosystem: The Starknet ecosystem is rapidly growing, with new dApps and projects being launched all the time.Cons of Investing in StarknetEarly stage: Starknet is still under development, and its technology is not yet fully proven.Competition: There are several other Layer 2 scaling solutions being developed, and it is unclear which one will ultimately succeed.Token risk: The value of the STRK token is directly tied to the success of the Starknet network. If the network does not gain traction, the token could become worthless.Regulatory uncertainty: The regulatory landscape surrounding cryptocurrencies is still evolving, and it is unclear how regulations will impact Starknet.Overall, Starknet is a promising project with the potential to disrupt the blockchain industry. However, it is important to be aware of the risks involved before investing in STRK. Investors should carefully consider their own risk tolerance and investment goals before making a decision.Ultimately, the decision of whether or not to invest in Starknet is a personal one. There are both potential rewards and risks to consider, and investors should weigh these factors carefully before making a decision.#Write2Earn #strk #TrendigTopic #Starknet

🚀 Exciting News in the Crypto World 🌐📢

Starknet is making headlines with the launch of their Early Community Member Program (ECMP). Here's what you need to know:
🎁 ECMP will airdrop up to 50 million STRK tokens to individuals who:
1️⃣ Contribute significantly to technical discussions.
2️⃣ Participate in crucial ecosystem projects.
3️⃣ Organize Starknet-related events.
4️⃣ Regularly publish Starknet content.
While the token's value cannot be estimated due to its absence in trading, this reward system aims to foster Starknet's growth and community maintenance, especially in the current crypto winter.
To get your hands on STRK tokens, individuals and projects must apply for sponsorship and provide detailed information about their contributions. The registration period ends on 11/19/2023, and the list of recipients will be announced before 12/29/2023.
Here's how individuals meeting the criteria can participate:
📝 Step 1: Visit https://ecmp.starknet.io/ and log in with your Telegram account.
📝 Step 2: Fill in your details, including email, Discord, Twitter, GitHub, and wallet address.
📝 Step 3: Describe your contributions and submit them to the project.

Additionally, you can join Starknet's community at https://community.starknet.io/ and actively engage to increase your chances of receiving a Starknet airdrop slot.
Starknet Foundation, established in November 2022, holds a significant portion of the initial token supply, with 50.1% of the 10 billion STRK tokens. This amounts to approximately 5 billion STRK tokens.
Starknet, currently the sixth-largest Layer 2 blockchain with a total locked value (TVL) of $143 million, is a project to watch in the ever-evolving crypto space.
Stay tuned for more updates and opportunities in the crypto world! 📈🚀 #Starknet #Blockchain #CryptoCommunity

Starknet’s launch on February 14th grabbed significant attention, mainly because of its rewarding program. Early participants received more than 700 million STRK tokens, the project’s own cryptocurrency.
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Yet, the launch faced controversies. Some community members claimed that the Starknet team sold off a large portion of their tokens, causing STRK’s price to fall below $2. Moreover, there were reports of problems with token distribution, adding to investors’ concerns and uncertainties.

Analyzing Starknet’s Development Activity
For a deeper insight into Starknet’s current status and future outlook, it’s essential to consider various indicators. One such metric is development activity, often measured by tracking code commits on public GitHub repositories linked with the network.
However, a worrying trend emerges when observing this metric. Data indicates a decrease in developer activity, suggesting a potential slowdown in the creation of new features and functionalities.

STRKUSD trading at $2.004 on the daily chart: TradingView.com
While this decline doesn’t necessarily spell doom for Starknet, it does raise valid concerns about the project’s long-term growth trajectory.

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Positive Signals for Starknet’s Future
Despite some negative sentiments, data from Santiment, an on-chain analytics platform, presents a more optimistic outlook. The stablecoin supply held by whales, referring to large investors, on the Starknet network has shown an upward trajectory, reaching 54 at the time of writing.
This increase indicates a boost in buying power among whales, potentially reflecting their confidence in Starknet’s future. This vote of confidence could potentially lead to a surge in STRK’s price. Moving forward, Starknet’s price could either stabilize or see a significant increase.
Also Read:   StarkNet (STRK) TVL Surges to $1.32 Billion After Token Launch
Simultaneously, Starknet’s climb to the fourth position among all launched Layer 2 projects on the Ethereum blockchain is noteworthy. This rise is fueled by a remarkable 194% surge in Total Value Locked (TVL) to $1.32 billion.
This rapid ascent not only underscores Starknet’s growth but also highlights the increasing confidence and adoption within its user base.
Starknet’s TVL Surge and Growth Narrative
The surge in Total Value Locked (TVL) underlines Starknet’s appeal, with users actively depositing and staking crypto assets. This activity contributes to the establishment of a robust ecosystem around the platform.
Starknet’s remarkable growth goes beyond mere statistics. It narrates the story of a platform gaining prominence in the competitive landscape of Layer 2 scaling solutions.
This ascent indicates that Starknet is not merely riding a wave of hype but is substantiating its value proposition. It potentially positions itself as a significant player in the Ethereum ecosystem.
As of the latest update, STRK was trading at $2.00, marking a 3.7% increase in the last 24 hours, according to data from Coingecko.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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