Token Terminal, a leading source for blockchain statistics, recently shared insights into the top blockchains based on their monthly active user statistics. Solana ($SOL) emerged as the frontrunner with an impressive 97.8 million active users, showcasing a high level of user engagement. The surge in Solana’s active user base can be attributed to its fast transaction processing capabilities, as well as the growing popularity of decentralized applications (dApps) and the decentralized finance (DeFi) sector.
Following closely behind Solana is Binance Smart Chain ($BNB), with approximately 33.8 million monthly active users. Binance Smart Chain has been able to maintain a high level of user engagement by offering low fees and a wide array of decentralized applications. Its integration with the Ethereum Virtual Machine (EVM) has played a crucial role in its continued expansion.
Base, Tron, and Aptos have also made their mark in the top ranks of blockchain platforms. Base blockchain, with 21.5 million monthly active users, was established by Coinbase as a Layer 2 scaling solution. Its integration within Coinbase’s ecosystem has facilitated a seamless transition from centralized to decentralized finance for users.
Tron, with 13.3 million active users, has seen steady growth thanks to its low costs and fast processing speeds, making it a popular choice for decentralized applications, particularly in the gaming and entertainment sectors. Aptos, with 13.2 million users, has garnered attention for its faster transactions and unique consensus protocol.
In addition to these leading blockchains, Bitcoin ($BTC) and Ethereum ($ETH) continue to maintain their positions with 11.5 million and 7.03 million active users, respectively. Bitcoin remains a preferred choice for store-of-value purposes, while Ethereum’s robust smart contract functionality continues to attract users.
The rankings also shed light on other notable blockchains such as Polygon ($POL), TON ($TON), and Arbitrum ($ARB), with user counts ranging from 2.68 billion to 200 billion. These blockchain networks are gaining traction as users seek scalable solutions and alternative Layer 2 networks.
Furthermore, Immutable X ($IMX), Ronin ($RON), Celo ($CELO), Optimism ($OP), and Avalanche ($AVAX) have each garnered over a million active users, showcasing the competitive landscape in the blockchain space. These platforms are vying for user attention and recording significant user involvement based on the data.
Overall, the data provided by Token Terminal highlights the diverse landscape of blockchain platforms and their respective user bases. As the blockchain ecosystem continues to evolve, user engagement and adoption rates will play a crucial role in determining the success of these platforms.