BNB Chain had over 10M lively addresses in April; Ethereum had 4.9M

BNB chain had 10.9 million lively addresses in April — the very best, regardless of an 11% drop from March, knowledge from on-chain analytics platform Nansen shows.

Solana (SOL) was a distant second with 5.1 million lively addresses final month — lower than half the variety of lively addresses on the BNB chain. Energetic addresses on Solana fell by 12% in April in comparison with the earlier month, the info present.

Ethereum (ETH) had 4.9 million lively addresses in April — down 7.9% from March. Polygon (MATIC) and Arbitrum (ARB) each noticed the variety of lively addresses climb final month. Polygon had 4.2 million and Arbitrum had 2.4 million lively wallets final month — up 6% and seven.8% from March, respectively.

But it surely was Avalanche (AVAX), Celo, and Optimism that recorded the largest growths in lively addresses final month, in line with Nansen knowledge. Energetic addresses on Avalanche and Celo grew by 87% and 46% respectively, whereas Optimism noticed a progress of 36% in comparison with March.

Diving deeper on-chain

On the BNB chain, three platforms noticed their variety of customers develop considerably final month. Customers on the Polyhedra Community — which offers Internet 3.0 infrastructure — elevated phenomenally by over 4,000,000% in April.

In the meantime, blockchain interoperability supplier LayerZero Labs, and Stargate noticed their variety of customers bounce by 471% and 375%, respectively.

On Solana, Nansen knowledge exhibits new customers are flocking to the decentralized alternate Orca, life-style app STEPN — which pays customers to train — the automated market maker and liquidity supplier Raydium protocol, and liquidity aggregator Jupiter Alternate.

With the current success of Pepe meme cash, it’s unsurprising that the token’s customers elevated by over 213,000% in April, giving Ethereum a lift.

On Polygon, stablecoins Tether (USDT) and USD Coin (USDC) proceed to play an enormous function whereas Stargate and Galxe are pulling crowds.

Lastly, in Arbitrum, customers of the non-fungible token (NFT) market OpenSea grew by 619% final month. Decentralized alternate (DEX) Arbswap’s customers grew by 608% and DEX aggregator Odos protocol noticed its customers enhance by 516% over the past month, in line with Nansen knowledge.

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