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Overview of Active Address Growth on Blockchains: Base and Gravity Lead

Overview of Active Address Growth on Blockchains: Base and Gravity Lead

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by Giorgi Kostiuk

4 hours ago


Recently, the analytics platform Nansen provided data on the growth of active addresses across various blockchain chains, indicating positive dynamics in ecosystems.

Leaders in Active Address Growth

Leading the charge in user expansion is Base, which recorded an impressive 87% growth in active addresses, now boasting a total of 14,954,881 active users. Hot on its heels is Gravity, showing a remarkable 78% increase, reaching 669,389 active addresses. Nansen specifically highlights this surge on both Base and Gravity as 'worth watching,' indicating a potential shift in user preference or new utility driving adoption.

Other Notable Chains

Beyond the top two, other major chains are also demonstrating solid growth:

* **BNB Chain** observed a healthy 44% increase, pushing its active addresses to 9,943,609. * **Avalanche** reported a 21% growth, with 325,929 active addresses. * **Optimism** rounded out the top five with a 19% rise, reaching 612,761 active addresses.

Importance of Active Address Growth

Growth in active addresses is a vital metric for assessing the fundamental health and organic adoption of a blockchain. It signifies real user engagement, utility, and developer activity, often acting as a leading indicator of a network’s long-term viability and potential. Even as cryptocurrency prices fluctuate, the consistent expansion of active user bases on these chains underscores ongoing innovation and a burgeoning ecosystem, suggesting resilience and future potential beyond short-term market sentiment.

The increase of active addresses across various blockchain chains highlights stable development and potential changes in ecosystems, which may have positive implications for the future.

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