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Significant Changes in Cryptocurrency Market Balances

Jun 3, 2024

There have been notable alterations in the cryptocurrency market balances over the past month. The approval of Ethereum spot ETFs has sparked specific activity within the ETH ecosystem.

Despite the approval of these ETFs, it is anticipated that it will take several months before they become available on the market.

The number of unique users on altcoin networks has undergone changes in the last month. The top altcoin networks based on data are BNB Chain, Polygon, and Ethereum.

BNB Chain holds the lead with a total of 452 million unique addresses and has seen a 2% growth in the previous month. Conversely, Polygon boasts a total of 431 million unique addresses, marking a 3% increase in the same period.

Ethereum, positioned third, has 271 million users. Despite the approval of spot ETFs, there hasn't been remarkable growth, and the growth rate has remained at 2%.

Among the altcoins, Sui and Blast exhibited the highest growth rates in terms of user numbers—45% and 40%, respectively. The ranking of total users on various networks is as follows:

  1. BNB Chain – 452 million
  2. Polygon – 431 million
  3. Ethereum – 271 million
  4. Tron – 233 million
  5. Phantom – 177 million
  6. Optimism – 144 million
  7. Base – 76 million
  8. Arbitrum – 29 million
  9. Avalanche – 20 million
  10. Ronin – 19 million

(Note: This article does not provide investment advice.)

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