Over the last seven days, a number of blockchains have exhibited heightened activity. This activity can be determined by the number of transactions on the chain and average daily active addresses. As noted by Artemis, a blockchain analytics platform, these metrics offer information regarding the current status of those networks. Solana tops the list with an incredible 237 million transactions and a 2.1 million daily active address count.
Top Blockchains by Number of Transactions in last 7 daysLet’s compare the top blockchains by number of transactions registered on-chain and average daily active addresses in last 7 days, according to @artemis__xyz, in order to evaluate their current adoption and performance. pic.twitter.com/hgGFXONXLT
— TOP 7 ICO | #StandWithUkraine (@top7ico) August 30, 2024
After Solana, TRON and NEAR Show Strong Blockchain Activity with Millions of Transactions
After Solana, TRON has processed 52.8 million transactions with 2.17 million mean day-to-day dynamic recordings. TRON presents a coherent transaction history, which positions this blockchain project as an industry stakeholder, especially when it comes to dApps and smart contracts.
Moreover, NEAR Protocol demonstration was also great, with 45.5 million total transactions and 2.65 million daily active addresses on average. This indicates that NEAR is being adopted by users in the market and this might be because of the user interface and scalability offered by Near.
New players in the blockchain market, namely SEI and BASE, processed 29,619,596 and 29,370,071 transactions, respectively. However, the daily active addresses are much lower with SEI having a figure of 33,000 while BASE has 929,000 addresses. This shows that, despite the high number of transactions going through SEI, the user numbers are relatively low in comparison to BASE.
Despite having a long-standing presence in the market, BNB Chain registered 24.4 million transactions and 867,000 dailies active addresses while although consistently used, its transaction volume was not as high as some of the relatively newer networks.
SUI and Polygon Show Moderate Use with Over 20M Transactions Each
SUI and Polygon recorded 22.2 million and 21 million transactions, and 402,000 and 718000 average daily active addresses. These pictures portray the moderate but steady use of these platforms.
The last two most active chains were Injective with total transaction count of 18.3 million and Arbitrum with 12.9 million with considerably lesser number of 7k and 448k daily active addresses respectively.
Lastly, metrics shown on Artemis depict the nature of the blockchain industry, where both experienced and newly appeared networks compete for activity. The increasing popularity of the blockchain industry will make these numbers as important benchmarks that reflect the relevance and further development of every blockchain.
