Despite recent market turbulence, underlying on-chain activity reveals a robust surge in user engagement across several prominent blockchain networks.
According to new data from analytics platform Nansen (@nansen.ai), certain chains are experiencing significant growth in active addresses over the past seven days, signaling healthy ecosystem development.
Leading the charge in user expansion is Base, which recorded an impressive 87% growth in active addresses, now boasting a total of 14,954,881 active users. Hot on its heels is Gravity, showing a remarkable 78% increase, reaching 669,389 active addresses. Nansen specifically highlights this surge on both Base and Gravity as “worth watching,” indicating a potential shift in user preference or new utility driving adoption.
Beyond the top two, other major chains are also demonstrating solid growth:
- BNB Chain saw a healthy 44% increase, pushing its active addresses to 9,943,609.
- Avalanche reported a 21% growth, with 325,929 active addresses.
- Optimism rounded out the top five with a 19% rise, reaching 612,761 active addresses.
Growth in active addresses is a vital metric for assessing the fundamental health and organic adoption of a blockchain. It signifies real user engagement, utility, and developer activity, often acting as a leading indicator of a network’s long-term viability and potential. Even as cryptocurrency prices fluctuate, the consistent expansion of active user bases on these chains underscores ongoing innovation and a burgeoning ecosystem, suggesting resilience and future potential beyond short-term market sentiment.
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/best-performing-blockchains-by-active-address-growth/