Top Cryptos by Daily Active Addresses: Solana, Bitcoin & More

A study by the market analysis platform IntoTheBlock has unveiled the number of daily active addresses for prominent cryptocurrencies. This indicator sheds light on the level of user engagement within these networks.

According to data compiled by IntoTheBlock, the highlighted crypto assets include major altcoins like Solana (SOL), meme coins such as Dogecoin (DOGE), and the largest of all, Bitcoin (BTC).

Solana Leads the Pack

Leading the rankings is Solana, boasting a daily active address count of 3.04 million. This network has been a focal point of conversations and trends this year, particularly regarding the meme coin frenzy, which has brought an influx of new users. The blockchain has introduced various new protocols, such as Pump.Fun, which have elevated meme coin trading to unprecedented heights. Additionally, the introduction of SOL liquid staking has lured in new investors to Solana.

The runner-up is Toncoin (TON), the native token of The Open Network, associated with the social media platform Telegram. The surge in TON’s daily active addresses can be attributed to the growing popularity of mini-apps and games on Telegram. TON currently reports a daily active address count of 2.89 million.

Following close behind is Tron (TRX), which has an address count of 2.5 million. This increase is linked to rising activity in stablecoins and within the network, along with the launch of the blockchain’s new meme coin creation platform, SunPump, which has enabled the issuance of thousands of tokens in just one month. IntoTheBlock disclosed two weeks ago that the number of long-term holder addresses on Tron has surged by 237% over the past year.

Next up is Dogs (DOGS), a meme coin created on The Open Network that began with a large airdrop for Telegram users. DOGS gained significant attention following its launch in July and has continued to be a fan favorite among the crypto community. The token’s daily active address count stands at 809,810.

Bitcoin Ranks Fifth

Bitcoin holds the fifth position with 779,650 daily active addresses. Beyond its status as the premier digital asset network, the blockchain has experienced notable developments lately. Noteworthy events include the introduction of the BRC-20 token standard and the green light for spot Bitcoin exchange-traded funds, both contributing to the surge in network activity driven by new users.

Following Bitcoin is Ether (ETH), with approximately 417,000 daily active addresses. Despite ETH becoming deflationary, Ethereum continues to host applications that attract and retain users.

The remainder of the top four cryptocurrencies by daily active addresses includes Litecoin (LTC), Algorand (ALGO), DOGE, and Avalanche (AVAX), with counts of 316,640, 79,850, 44,190, and 43,760, respectively.