Solana Leads with 315M Weekly Transactions

In the past seven days, several leading blockchains have demonstrated significant activity. It is measured by the number of transactions and the average daily active addresses. The latest data, sourced from Artemis, provides insight into the current adoption and performance of these blockchains.

Top Blockchains by Number of Transactions in last 7 days

Let’s compare the top blockchains by number of transactions registered on-chain and average daily active addresses in last 7 days, according to @artemis__xyz, in order to evaluate their current adoption and performance. pic.twitter.com/1WAmFF27FO

— TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) July 19, 2024

User Engagement Strong Across Leading Blockchains

Solana’s transaction count for the last week is 315 million, making it the blockchain with the most transaction throughput. Such a high average of transactions proves Solana’s demand and the network’s ability to process multiple operations on a daily basis.

After Solana, TRX facilitated 49 million transactions. Tron remains active in the blockchain ecosystem to the present day, boasting fast transaction confirmation times and a loyal fan base. NEAR is the third one on the list with 44.6 million transactions. As observed in the number of transactions, Near’s target market of usability and features that are easy on developers do appear to be working out for the company.

The TON blockchain performed 39.1 million transactions, which made it one of the captivating blockchain networks. TON has many features, and the targeted approach using innovative solutions has attracted many people to the platform.  SEI registered 29.7 million transactions to reaffirm that the e-wallet is attracting more users.

MATIC and BASE were also rather active, with 25.8 million and 23.3 million transactions, respectively. Polygon’s scaling solutions and Base’s platform remain popular among users and developers to this day.

Tron Leads with 2.15M Daily Active Addresses

Measuring by the average daily active addresses, Tron is leading with 2.15 million, which shows a high level of activity among users. Near is next with approximately 1.9 million DAAs. Evaluating by the number of transactions, Solana is leading with 1,518,826 transactions per day, but it has 1.65 million daily active addresses. Polygon also stays active with 1.35 million daily active addresses.

TON has 465K addresses used daily, Base has 601K used daily, whereas Sei has 4.9k. These numbers show that there are disparities in user activity in one or the other blockchain networks.

Combined, these figures indicate the constantly evolving nature of the blockchain market and the relative advantages and disadvantages of each platform. The high transaction volumes and active addresses reflect the growing adoption and diverse use cases of these blockchain platforms.