Ethereum Leads in Growth Among Top Public Chains

Nansen reports that from July 20 to July 27, Solana led public chains with 28.18 million active addresses, followed by the BNB Chain and Ethereum.

Ethereum saw a significant 8.7% growth in active addresses, indicating increased engagement, while BNB Chain dominated DEX trading volumes, highlighting shifting liquidity patterns in the crypto ecosystem.

Ethereum’s Growth Outpaces Other Public Chains

Ethereum’s user activity saw a notable surge, with active addresses increasing by 8.7% over the past seven days. This makes it the fastest-growing among the top public chains. Solana achieved a 1.9% rise in addresses, reinforcing its position among the leaders in network engagement.

The advancement in Ethereum’s metrics reflects burgeoning adoption, with Base and BNB Chain also showing considerable activity. Ethereum managed a $23.4 billion DEX trading volume, second only to BNB Chain’s $39.3 billion. This indicates robust trader involvement across competitive decentralized finance platforms.

Community feedback on these trends has been varied, with industry leaders and developers focusing on innovation and user traction. Notably, Anatoly Yakovenko, CEO & Co-founder of Solana Labs, stated, “Solana’s throughput and composability give builders a real edge as the ecosystem expands.”

Ethereum Activity Echoes 2021 DeFi Boom Trends

Did you know? Ethereum’s current market dynamics echo the trends observed during the DeFi boom of 2021, where increased address activity preluded substantial market shifts.

Solana (SOL) trades at $187.17, with a market cap of over $100.78 billion and holds 2.59% of market dominance. According to CoinMarketCap, trading volume in the last 24 hours is about $3.71 billion, down 40.57%. The circulating supply is at 538.43 million as of July 27, 2025.

Researchers from Coincu highlight potential outcomes, citing growth in address counts and trading volumes indicating Ethereum’s expanding utility in decentralized applications and staking. Further, Solana’s uptrend in user and DEX activity underscores its appeal for NFT minting and memecoins.