Which cryptocurrencies have the highest number of daily active addresses?

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

According to data collected by IntoTheBlock, these crypto assets include large-cap altcoins like Solana (SOL), meme coins like Dogecoin (DOGE), and the group’s largest Bitcoin (BTC).

Solana tops the list

Topping the list is Solana, with a daily active address count of 3.04 million. Its network has been the subject of many discussions and trends this year, including meme coin mania, which led to an additional influx of users. Blockchain has seen the launch of new protocols, like Pump.Fun, which has taken coin trading on the network to new levels. Even the introduction of SOL liquid staking 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 may be linked to the growing popularity of mini-apps and games on Telegram. TON has 2.89 million active addresses daily.

Tron (TRX) comes next with an address count of 2.5 million. This growth is linked to increased stablecoin and network activity, as well as the blockchain’s new coin creation platform, SunPump, which facilitated the launch of thousands of tokens in just one month . IntoTheBlock revealed two weeks ago that the addresses of long-term Tron holders increased by 237% over the past year.

Next is Dogs (DOGS), a meme coin built on The Open Network that launched as a mass airdrop for Telegram users. DOGS came into the limelight after its unveiling in July and has remained one of the crypto community’s favorite meme coins. The token has a daily active address count of 809,810.

Bitcoin comes fifth

Bitcoin has the fifth highest number of daily active addresses at 779,650. Aside from its reputation as the premier digital asset network, blockchain has seen significant development in recent times. From the launch of the BRC-20 token standard to the approval of Bitcoin spot exchange-traded funds, its network activity has witnessed the effects of an influx of new users.

After BTC, there is Ether (ETH), which has around 417,000 daily active addresses. Although ETH has become deflationary, Ethereum still offers applications that retain users.

The four remaining 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, respectively.