News and Analytics

0

Which Cryptocurrencies Have the Highest Number of Daily Active Addresses?

Sep 29, 2024
  1. Solana Tops the List
  2. Bitcoin Comes Fifth
  3. Other Cryptocurrencies

An analysis by market intelligence platform IntoTheBlock has discovered the number of daily active addresses for major cryptocurrencies. This metric offers insights into the intensity of user activity on these networks.

Solana Tops the List

Atop the list is Solana, with a daily active address count of $3.04 million. Its network has been the subject of numerous discussions and trends this year, particularly the meme coin mania, which has led to an influx of more users. The blockchain has seen the launch of new protocols, like Pump.Fun, which has taken meme coin trading on the network to new levels. Even the introduction of SOL liquid staking has attracted new investors to Solana. The second cryptocurrency is Toncoin (TON), the native token of The Open Network, which is linked to the social media messaging platform Telegram. The growth of TON’s daily active addresses can be linked to the rising popularity of mini-apps and games on Telegram. TON has a daily active address count of 2.89 million. Tron (TRX) comes next with an address count of 2.5 million. This growth is linked to rising stablecoin and network activity as well as the blockchain’s new meme coin-creating platform, SunPump, which has facilitated the launch of thousands of tokens in just a month.

Bitcoin Comes Fifth

Bitcoin has the fifth-highest number of daily active addresses at 779,650. Besides its reputation as the leading digital asset network, the blockchain has seen significant development in recent times. From the launch of the BRC-20 token standard to the approval of spot Bitcoin exchange-traded funds, its network activity has witnessed the effects of an influx of new users. Following BTC is ether (ETH), which has around 417,000 daily active addresses. Although ETH has turned deflationary, Ethereum still has applications retaining users.

Other Cryptocurrencies

The remaining four cryptocurrencies with the highest daily active addresses are Litecoin (LTC), Algorand (ALGO), DOGE, and Avalanche (AVAX), with 316,640, 79,850, 44,190, and 43,760 counts, respectively.

The analysis by IntoTheBlock shows that the activity on the blockchains of many major cryptocurrencies remains high, attracting new users and investors.

Comments

Latest analytics

Ark Invest and...

Ark Invest and Its Impact on the Tech Investment Market

What Is MOG and...

What Is MOG and How Does It Impact the Cryptocurrency Market?

Show more

Latest Dapp Articles

Show more

You may also like