Several cryptocurrencies have witnessed massive spikes in network growth over the past week, with Wrapped Ethereum (WETH), WhiteBIT (WBT), and Wrapped Bitcoin (WBTC) taking the lead, according to Santiment data.
Wrapped Ethereum saw a staggering 648% increase in new address creation, making it the top performer. WhiteBIT Token followed with 575%, while WBTC (on Optimism) jumped 402%, signaling rising interest in wrapped assets and cross-chain functionality.
Other strong performers included:
- BitDAO (BIT): +175%
- Uniswap on Polygon (UNI): +174%
- Virtuals (VIRTUAL): +120%
These gains indicate growing user demand for DeFi and ecosystem integration.
Layer 2 and DeFi Tokens See Increased Adoption
The presence of tokens like UNI, VIRTUAL, and BitDAO reflects a broader trend toward DeFi participation and network expansion across alternative chains like Optimism and Polygon.
Trailing the leaders were:
- Raydium (RAY) and Fasttoken (FTN): +100% each
- Maple Finance (SYRUP): +86%
- Render (RNDR): +84%
Despite price drops across most of these assets, the surge in network activity suggests foundational growth that may lead to higher valuations.
Network Growth as a Bullish Signal
Santiment highlights that consistent long-term network growth often precedes upward momentum in token price. These expansions in address activity hint at strengthening ecosystems and could push these assets up the market cap ranks in future cycles.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/top-10-cryptos-by-network-growth-this-week/