In recent weeks, there has been a significant increase in activity across several blockchains, particularly on Algorand and Fantom. These changes may signal a growing interest in lower-market-cap platforms.
Results of Active Address Growth
Algorand recorded a 43% increase, reaching 1.52 million active addresses. Fantom closely followed with a 38% rise, totaling 216,429 active wallets.
Comparison with Other Blockchains
Despite the growth of Algorand and Fantom, blockchains like Aptos and BNB Chain continue to dominate in total address count. BNB Chain, already a leader in user base, saw a 14% increase, now supporting nearly 6.9 million active wallets. Aptos recorded a 16% growth in activity, resulting in over 4.5 million addresses.
Future Prospects
The rise in activity on lower-market-cap blockchains may be linked to recent ecosystem upgrades or incentive programs driving user onboarding. Monitoring wallet activity closely will be crucial to assess deeper user engagement and potential total value locked (TVL) gains ahead.
The increase in active addresses on Algorand and Fantom highlights interest in alternative blockchain platforms, while Aptos and BNB remain critical players in the market.
