Internet Computer (ICP) Leads Blockchain Networks by Onchain Transaction Activity

Onchain transaction activity is the core component of blockchain networks. For crypto users, tracking these flows within the network and comparing them to other blockchains

Onchain transaction activity is a core component of blockchain networks. For crypto users, tracking these flows within the network and comparing them to other blockchains is a sure way to judge which protocols are good platforms for investment growth.

Today, data reported by Top7ico highlighted which blockchain networks are leading in on-chain trading activity. More numbers of transactions on a blockchain indicate that more users are utilising and trusting the network. The list ranked top 10 blockchain networks by transaction volume over the past week.

Internet computer (ICP) is the most active blockchain with the highest transaction numbers recorded over the past week, according to data shared by Top7ico. In the last seven days, the number of transactions processed in this blockchain network reached 2.34 billion. The surge in ICP’s transaction volume is a clear indicator of its increased market activity, which is a strong signal of its impressive price growth.

Hyperliquid (HYPE) ranked second with a transaction volume of 1.59 billion processed over the past week. This rise in trading activity highlights Hyperliquid’s rapid growth as a platform for trading perpetual derivatives.

Hyperliquid has become one of the most prominent layer-1 networks since rolling out its HYPE token in November 2024.

Solana (SOL) took the third position with a 391 million transaction volume registered over the stated period. This shows the network’s adoption growth, particularly from users and developers, and its growing popularity in the NFT landscape.

Tron (TRX) secured the fourth spot with a transaction volume of 60.7 million. This remarkable figure indicates TRX’s dominance in trading volume, outperforming not just smaller blockchains but also prominent chains like Bitcoin and Ethereum, which have not appeared in this list.

Base Protocol (BASE) settled on position five with a 53.4 million transaction volume. This figure demonstrates Base’s strong growth and its leading role in the optimistic rollup ecosystem.

Next is Near Protocol (NEAR), which registered a transaction volume of 42.8 million, indicating its surge in popularity and increasing mainstream adoption. This highlights NEAR’s robust fundamentals like its focus on DeFi, developer-friendly infrastructure, and active ecosystem with major DApps like Sweatcoin, Kai Ching, Hot Game, and many others.

It was followed by Sui Network (SUI), which recorded a transaction volume of 31.1 million, showing the rising adoption of its platform. This sustained heightened level of trading activity reflects a growing interest in the network and a surging demand for its crypto. This development indicates that Sui is becoming a major competitor in the crypto world. Its ability to attract such strong transaction activity shows growing confidence among users in its potential.

Binance Chain (BNB) scooped position eight with a transaction volume of 30.5 million. BNB experiences massive adoption in the DeFi landscape due to its interoperability with Ethereum. Especially users enjoy the advantages of BNB’s lower fees and more rapid transaction speed.

Injective (INJ) also gained visibility with a 30.2 million transaction volume. Hitting this future in a week is not a small feat. It speaks a lot about this layer-1 blockchain’s efficiency – especially its high speed and low transaction fees have been attractive features to its platform.

Lastly, the Sei Network (SEI) wrapped this list with a transaction volume of 27.8 million, showcasing the prominence of its Layer-1 blockchain protocol.