Blockchain networks have been experiencing some interesting shifts in activity over the past month, with changes in active addresses, transactions, and fees. Despite a 23% drop, Solana still leads the pack with over 75.5 million active wallets. Tron is not far behind, boasting 15.2 million active addresses with an 11% increase, while Bitcoin and Ethereum have 10.6 million and 9 million addresses, respectively.
In terms of transaction volume, Solana processed over 2 billion transactions, despite a significant 116% decrease. Tron saw over 267 million transactions, matching its growth in user engagement. Ethereum recorded 248 million transactions, showing an 18% increase since the beginning of August. Additionally, Layer two (L2) chains like Base and Arbitrum also saw notable increases in transaction activity.
When it comes to fees, Tron leads the way with $54.5 million, followed closely by Ethereum at $44 million. Solana brought in $35.2 million, while Bitcoin collected $13.6 million. Other chains like BNB Chain, Base, and Arbitrum also reported solid fee totals, with notable percentage swings in newer chains like Bitlayer and Hyperliquid’s HyperEVM.
While legacy giants like Tron, Ethereum, and Bitcoin continue to see traction, newer entrants like Bitlayer and HyperEVM are making waves with their dramatic swings in activity. Overall, the data shows that blockchain activity is thriving across the board, with leaders emerging in different metrics such as wallets, transactions, and fee generation.
As the blockchain landscape continues to evolve, it will be interesting to see how these trends unfold and which networks emerge as the dominant players in the industry. Stay tuned for more updates on the latest developments in the world of blockchain technology.