Over the past year, BNB Chain registered more monthly active addressees than prominent rivals like Bitcoin and Ethereum. BNB Chain witnessed 27.7 million monthly active addresses, compared to Bitcoin’s 10.9 million and Ethereum’s 6.6 million.
BNB Chain experiences growth
According to data reported by Satoshi Club today, BNB Chain has experienced 27.7 million monthly active addresses over the last 12 months. This holds a 17.7% share of total Layer-1 blockchain activity, ranking it second among all Layer-1 blockchains.
Solana took the lead as it recorded the highest number of active monthly addresses, with 68.9 million addresses noted last year.
TRON came third, displaying an incredible performance about user on-chain activity with 14.1 million monthly active addresses registered during the period. Next is Aptos, which saw 13.8 million monthly active users, ranking it fourth among all L1 networks by monthly active users.
Bitcoin (BTC) secured the fifth position. It has experienced 10.9 million monthly active users, reflecting rising adoption since 2024. Ethereum followed with 6.6 million active addresses.
Trends in the blockchain ecosystem
This metric is essential as it highlights emerging trends within the blockchain ecosystem. The data made it easy to identify which blockchain networks are gaining popularity and which ones are experiencing declines in user activity. Over the past 12 months, there has been a visible increase in Solana’s and BNB’s monthly active addresses, suggesting renewed interest in the two networks.
However, the chart gives a different outlook for Ethereum. The decrease in Ethereum’s active addresses aligns with bearish market behavior in the platform. Ether’s recent persistent downtrend is associated with a slump in the number of active addresses.
Chains like SOL, BNB, TRX, APT, and POL have experienced impressive surges of active addresses. This shows a shift as crypto users are increasingly adopting alternative L1 networks and Ethereum’s scaling solutions.
In short, this data on active addresses disclosed multiple findings. While Solana and BNB continue to maintain a robust presence with continued interest and growth potential, Ethereum has witnessed persistent declines in monthly active addresses.
Alternative L1 networks and Layer-2 solutions like Solana, BNB, TRON, Aptos, and Polygon are gaining traction, suggesting a change in interest away from Ethereum. Lastly, the presence of TON, NEAR Protocol, and Ronin show their rising adoption and user engagement.
