According to new data shared by Nansen, a powerful multichain AI analytics platform, five blockchains have shown significant growth. The analysis includes Avalanche and BNB Chain, which saw notable increases in active addresses and transactions over the past seven days. The massive increase in the number of active addresses and transactions occurred on these platforms shows the growing demand for these blockchains.
Avalanche Tops the List With 168% Growth in Transactions in Seven Days
Nansen has tracked the activity of various blockchains and made a list of twenty blockchain networks keeping the number of addresses they have witnessed and the percentage in transactions. Avalanche, BNB Chain, ZKsync, Base, And Scroll have outshined all of the other blockchain networks.
Avalanche, developed by Ava Labs in SEP 2020, is a decentralized blockchain platform which offers secure, scalable, and fast smart contracts, and decentralized apps. Avalanche topped the list as it saw 168% growth in transactions during the course of seven days. Moreover, the number of active address on the blockchain have also increased by 916% during this time period crossing the figure of 1.6 million.
BNB Chain, ZKsync, Base, And Scroll Leave Outshine Major Blockchains
Developed by the leading digital currency exchange Binance, BNB Chain is a blockchain network that supports dApps and smart contracts with low fees in transactions. ZKsync, on the other hand, is Ethereum’s layer-2 scaling solution that utilizes zk-rollups for off-chain transactions. Base And Scroll are also Ethereum’s Layer-2 solutions.
Apart from Avalanche, all of these four blockchains have left behind the major blockchains such as Stellar, Ethereum, and Polygon in terms of active addresses and percentage in transactions. BNB Chain saw an increase of 62% in seven-day growth in transactions. While on the other hand, ZKsync, Base, And Scroll saw an increase of 39%, 32%, and 29% respectively.
