š„ Solana leads the list of active cryptocurrency addresses, followed closely by Bitcoin! š
Latest data shows that Solana (SOL) has the highest number of daily active addresses among cryptocurrencies, reaching a staggering 3.04 million! This shows that user activity is very active, especially with the rise of the meme coin craze, new protocols on the Solana network such as Pump.Fun, and the introduction of SOL liquidity staking, which has attracted a large number of users.
Ranked second is Toncoin (TON), which has 2.89 million daily active addresses due to its association with social media giant Telegram. Among them, the popularity of Telegram applets and games may be one of the reasons for its growth.
Tron (TRX) ranks third with 2.5 million daily active addresses, with its growth linked to increased stablecoin activity and the launch of new meme coin creation platform SunPump.
Dogecoin (DOGE), a popular meme coin, ranks fourth with 809,810 daily active addresses and has been the darling of the crypto community since its launch in July.
Bitcoin (BTC) ranks fifth with 779,650 daily active addresses, but its network has seen significant recent developments, such as the launch of the BRC-20 token standard and the approval of a spot Bitcoin ETF.
Ethereum (ETH) is right behind Bitcoin with 417,900 daily active addresses, and despite entering a deflationary phase, Ethereum applications are still retaining users.
Other cryptocurrencies on the list include Litecoin (LTC), Algorand (ALGO), Dogecoin (DOGE) and Avalanche (AVAX), with daily active addresses of 316,640, 79,850, 44,190 and 43,760 respectively.
š¬ Finally, what do you think of Solanaās lead? What factors do you think are driving activity in these cryptocurrencies? What cryptocurrencies are in your portfolio?
