Blockchain analytics firm Nansen reveals Algorand as the fastest growing blockchain by active users, marking a significant shift in user engagement across networks.
Other notable performers include Avalanche, Berachain, and HyperliquidX, each demonstrating substantial weekly growth in active addresses, signaling rising adoption in diverse blockchain ecosystems.
According to COINOTAG, “Algorand’s 72% surge to over 1.2 million active wallets underscores its expanding appeal amid evolving market dynamics.”
Discover the top six fastest growing blockchains by active users, led by Algorand’s impressive 72% growth, highlighting emerging trends in blockchain adoption.
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Nansen’s recent 7-day leaderboard report highlights Algorand’s dominant position in blockchain user engagement, with a remarkable 72% increase in weekly active addresses. Surpassing 1.2 million wallets, Algorand not only achieved the highest growth rate but also led in total active user count among all tracked networks. This surge reflects the platform’s growing utility and appeal, driven by its scalable infrastructure and expanding decentralized applications ecosystem.
Following Algorand, Avalanche (AVAX) demonstrated a robust 60% growth, reaching over 301,000 active users. This growth emphasizes Avalanche’s continued relevance in DeFi and NFT sectors. Meanwhile, emerging blockchains like Berachain and HyperliquidX posted impressive weekly increases of 47% and 44%, respectively, each adding more than 100,000 new active addresses. These figures indicate a diversification of user interest beyond established chains, with innovative platforms capturing market attention.
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Source: https://en.coinotag.com/algorand-leads-weekly-growth-among-fastest-growing-blockchains-by-active-users/