Token Terminal has provided insights into the performance of leading blockchain networks based on their monthly active users. Solana ($SOL) emerged as the most active blockchain, recording 97.8 million users. The high engagement level on Solana’s network has been attributed to its rapid transaction processing and increasing adoption within decentralized applications (dApps) and decentralized finance (DeFi) sectors.
Binance Smart Chain ($BNB) followed closely, attracting approximately 33.8 million active users per month. Its sustained user engagement has been driven by its low transaction fees and extensive range of decentralized applications. Additionally, its compatibility with the Ethereum Virtual Machine (EVM) has significantly contributed to its ongoing expansion.
Growth of Layer 2 Solutions and Emerging Blockchains
Base, the Layer 2 scaling solution developed by Coinbase, has reached 21.5 million monthly active users. The blockchain benefits from Coinbase’s ecosystem, facilitating a seamless transition for users moving from centralized to decentralized finance.
Tron ($TRX) secured the fourth position with 13.3 million active users, maintaining its popularity through low transaction costs and high-speed processing. These features have made it a preferred choice for decentralized applications, particularly in gaming and entertainment sectors.
⚡️ Top Blockchains by Monthly Active Users
Monthly active users measure the number of distinct addresses interacting with blockchains’ relevant contracts. According to the data from @TokenTerminal, @Solana, @BNBChain, @Base, @TronDao, and @Aptos have drawn the largest numbers of… pic.twitter.com/kan6SDrXaN
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Aptos ($APT) ranked fifth, recording 13.2 million users. The network has experienced increased adoption due to its efficient consensus protocol and fast transaction speeds, which have also influenced Tron’s user engagement.
Bitcoin ($BTC) and Ethereum ($ETH) continued to demonstrate 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, whereas Ethereum attracts users through its extensive smart contract functionalities.
Alternative Blockchain Networks and Layer 2 Solutions
Additional data from the rankings highlighted Polygon ($POL), TON ($TON), and Arbitrum ($ARB), with user counts reaching 2.68 billion, 9.53 billion, and 200 billion, respectively. The inclusion of multiple Layer 2 and alternative blockchain networks in the rankings indicates increasing demand for scalable solutions.
The rankings also featured Immutable X ($IMX), Ronin ($RON), Celo ($CELO), Optimism ($OP), and Avalanche ($AVAX), each surpassing one million active users. The data underscores the intense competition among blockchain networks, all vying for user engagement while demonstrating significant adoption and activity levels.
