Base

Mantle

Polygon

Daily

<p>Jamie Coutts, the chief crypto analyst at <a href="https://bitcoinist.com/crypto-2x-faster-than-internet/">crypto firm Real Vision</a>, recently ranked <a href="https://www.newsbtc.com/news/defi/data-shows-layer-1-price-growth-reflects-unique-address-proliferation/" rel="nofollow noopener" target="_blank">layer-1 networks</a> using their network growth. Interestingly, the networks that topped the list aren’t the usual names that crypto community members might be accustomed to.&nbsp;</p> 
<h2 id="sui-and-mantle-network-top-the-list">SUI And Mantle Network Top The List</h2> 
<p>According to the list that Coutts <a href="https://x.com/Jamie1Coutts/status/1808280841019445545" rel="nofollow" target="_blank">shared</a> on his X (formerly Twitter) platform, <a href="https://www.newsbtc.com/news/breaking-records-mantle-mnt-soars-40-in-one-day-to-new-all-time-highs-next-target-revealed/" rel="nofollow noopener" target="_blank">Sui and Mantle</a> were first and second in terms of growth in the Daily Active Users (DAUs) these blockchains have witnessed in the last three months. SUI network witnessed an impressive 3503% increase in its DAUs during this period, while Mantle witnessed a 518% growth.&nbsp;</p> 
<p><a href="https://www.newsbtc.com/news/ethereum-l2-blast-123-million/" rel="nofollow noopener" target="_blank">Celo, Arbitrum, and Blast</a> completed the top five rankings, as they witnessed 3-month DAU growth of 414%, 157%, and 107%, respectively. The Open Network (TON), which has undoubtedly had an impressive year, came sixth on the rankings with a growth of 97%. TON’s network growth is seen to have declined in the last three months, considering that it boasts a 6-month DAU growth of 1,346%.&nbsp;</p> 
<p>Meanwhile, the <a href="https://bitcoinist.com/coinbase-newly-launched-layer-2-network-records/">Ethereum layer-2 network Base</a> also made the list, ranking behind TON with a 3-month DAU growth of 78.6%. Much of Base’s network growth can be attributed to its growing meme coin ecosystem, with many meme coin traders flocking to the network in pursuit of significant gains from these crypto tokens.&nbsp;</p> 
<p>Near, Tron, and Polygon completed the top 10 list, ranking behind Base with a 3-month DAU growth of 37.9%, 31.2%, and 30.6%, respectively. MultiversX and Fantom were the only other networks in the green and experienced significant growth in the past three months.&nbsp;</p> 
<p>Interestingly, the top networks by market cap, including Bitcoin, Ethereum, BNB Chain, Solana, and Cardano, all witnessed declines in their Daily Active Users in the last three months. <a href="https://bitcoinist.com/bnb-cz-binance-multicoin-report/">BNB Chain</a> experienced the most decline among these foremost networks, with a -28.6 % growth in its Daily Active Users.</p> 
<p>The decline in Solana’s 3-month Daily Active Users might be a surprise, considering the buzzing meme coin ecosystem on the network. However, the 6-month DAU paints a better picture for <a href="https://bitcoinist.com/solana-network-forces-binance-to-halt-withdrawals/">Solana</a>, with the network witnessing an impressive 124.9% increase in its Daily Active Users during this period.</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-308917" src="https://bitcoinist.com/wp-content/uploads/2024/07/Crypto-market.png?w=512&amp;resize=512%2C323" alt="Crypto market" width="512" height="323" data-recalc-dims="1"> 
<h2 id="a-bullish-metric-for-all-of-crypto">A Bullish Metric For All Of Crypto</h2> 
<p>Irrespective of where these blockchains are ranked, this metric paints a bullish picture for the <a href="https://www.newsbtc.com/news/ethereum-stakers-in-massive-loss/" rel="nofollow noopener" target="_blank">broader crypto ecosystem</a>. Coutts noted a 20% increase in the total Daily Active Users on these networks combined, rising to 12.8 million users during this period. The analyst further highlighted how this user acquisition could <a href="https://bitcoinist.com/bitcoin-activity-rebounds-signal-btc-turnaround/">positively affect</a> the price of the network’s native token.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-308918" src="https://bitcoinist.com/wp-content/uploads/2024/07/Crypto-market-2.png?w=512&amp;resize=512%2C259" alt="Crypto market 2" width="512" height="259" data-recalc-dims="1"> 
<p>Meanwhile, Coutts projects that <a href="https://bitcoinist.com/bitcoin-like-internet-beginnings/">crypto networks</a> could boast a total of 20 million Daily Active Users by year-end. This is again bullish, as these new users could bring <a href="https://bitcoinist.com/bitcoin-activity-rebounds-signal-btc-turnaround/">new money</a> into the crypto ecosystem, which would help drive prices up.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/IMWz64Mz/" alt="SUI price chart from Tradingview.com (crypto layer 1 networks)" width="3286" height="1576">

Crypto Market Analyst Ranks The Top Layer 1 Networks In Shocking Revelation

Съдържание

Bitcoinist

Други статии, публикувани на 5.07.2024 г.

Memecoins WIF- BRETT and BONK Nearing Buy Opportunities

MoonBag Staking Rewards: Earn 88% APY along with 0% Tax, While Binance and Mantra Sink

Sentimen Bearish Meningkat, Harga FLOKI Terancam Turun Lagi

PancakeSwap Launches 2.4 Million ZK Token Airdrop

Craig Wright Faces $1.9M Legal Bill As London Court Issues Freezing Order

Ethereum traders turn bearish as ETH price dips under $3K

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!