The blockchain technology realm is going through a continuous evolution, with several entities competing for dominance in the case of user engagement, adoption, and utility. Recent statistics from Phoenix, a well-known crypto analytics platform, point toward the top active blockchains based on monthly and daily active addresses. The respective numbers offer a comprehensive overview of the industry’s present position. This displays which chains are going through the most consistent consumer engagement.
TOP #BLOCKCHAINS BY MONTHLY ACTIVE ADDRESSES #Solana #Near #Base #Tron #BNBChain #Ton #Ethereum #Polygon #Arbitrum #Optimism pic.twitter.com/7td5c59VeM
— PHOENIX – Crypto News & Analytics (@pnxgrp) October 2, 2024
Solana Leads the List of Top Blockchains in Terms of 30-Day Active Addresses
Phoenix shared the list of the top blockchain firms in line with the exclusive monthly and daily addresses in terms of activity. In line with this data, Solana turns out to be the leader by a substantial margin. The platform reportedly has a remarkable 99.5M new active addresses over thirty days. The growing popularity of Solana results from the platform’s high-performance network. It has gained significant attention for decreased transfer costs and rapid confirmation times.
Near Protocol secures the 2nd position in the list with 30.6M active addresses. It has been making remarkable progress with the sharded proof-of-stake architecture thereof. It permits low fees and scalability, placing it as a resilient contender within the overall blockchain sector. The 3rd position is occupied by Base, a comparatively new L2 solution developed by Coinbase on Ethereum. Irrespective of Base’s beginning period, it has rapidly collected 22.3m active addresses. This mirrors its increasing appeal, particularly within the dApp ecosystem.
Another prominent name in this list is Tron which is popular for its use cases in gaming and entertainment sectors. It reportedly has up to 14M active addresses. The respective consistent engagement points toward its broad adoption of dApps and token transfers. In the meantime, BNB Chain records 10.3M active addresses. This underscores its position as a big player in the world of decentralized finance and decentralized exchanges.
The List of Daily Active Addresses also See Solana Blockchain in the Lead
The rest of the noteworthy names take into account Ton with 9.9M addresses, Ethereum with 5.5M, Polygon with 5.2M, Arbitrum with 3.1M, and Optimism with 1.2M. The growth of L2 solutions and their competition has paved the way for direct mainnet usage. In terms of daily activity, Solana dominates with 3.4M addresses preceding Near which has 2.9M daily addresses. Base reports 2.2M daily users, with BNB Chain and Tron seeing 1.2M and 960.7K active addresses. Subsequently, Optimism displays only 69.6K active addresse.
