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Cryptocurrency News Articles
Solana Emerges as the Most Active Blockchain Network With 97.8 Million Monthly Active Users
Feb 09, 2025 at 11:46 am
Token Terminal has provided insights into the performance of leading blockchain networks based on their monthly active users. Solana ($SOL) emerged as the most active blockchain, recording 97.8 million users.
Solana ($SOL) has emerged as the most active blockchain network with 97.8 million monthly active users, according to data from Token Terminal.
This high engagement level is attributed to Solana's rapid transaction processing and increasing adoption within decentralized applications (dApps) and decentralized finance (DeFi) sectors.
Binance Smart Chain ($BNB) follows closely with around 33.8 million active users per month. Its sustained user engagement is driven by its low transaction fees and a wide range of decentralized applications.
Moreover, its compatibility with the Ethereum Virtual Machine (EVM) contributes to its continuous expansion.
Base, the Layer 2 scaling solution developed by Coinbase, has reached 21.5 million monthly active users.
The blockchain benefits from Coinbase's ecosystem, enabling a smooth transition for users shifting from centralized to decentralized finance.
Tron ($TRX) secures the fourth position with 13.3 million active users, maintaining its popularity through low transaction costs and high-speed processing.
These features have made it a preferred choice for decentralized applications, especially in the gaming and entertainment industries.
Aptos ($APT) ranks fifth with 13.2 million users. The network's efficient consensus protocol and fast transaction speeds have driven its adoption, also influencing Tron's user engagement.
Bitcoin ($BTC) and Ethereum ($ETH) continue to show a strong presence in the blockchain space, with active user bases of 11.5 million and 7.03 million, respectively.
Bitcoin remains dominant as a store-of-value blockchain, while Ethereum attracts users with its vast smart contract capabilities.
Among alternative blockchain networks and Layer 2 solutions, Polygon ($POL), TON ($TON), and Arbitrum ($ARB) are notably present in the rankings, with user counts reaching 2.68 billion, 9.53 billion, and 200 billion, respectively.
The inclusion of multiple Layer 2 and alternative blockchain networks in the rankings indicates an increasing demand for scalable solutions.
The rankings also feature Immutable X ($IMX), Ronin ($RON), Celo ($CELO), Optimism ($OP), and Avalanche ($AVAX), each surpassing one million active users.
This data highlights the intense competition among blockchain networks to engage users, showcasing significant adoption and activity levels.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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