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Solana has become the top blockchain largely due to the success of the Raydium Protocol, which leads the decentralized finance (DeFi) space on Solana. Recent reports show that Solana has around 139.3 million active addresses and 5.9 million daily active users, indicating strong user engagement and growth.
Raydium, as Solana's biggest decentralized exchange (DEX), handles about 67% of all DEX trading on the platform, with $2.37 billion in total value locked (TVL). Its low transaction fees and efficient trading system have made it very popular, facilitating $78 billion in trading volume over the last month.
Following Solana, the NEAR Protocol has 31.5 million active addresses, boosted by successful projects like KAI-CHING. Base, an Ethereum Layer 2 network, ranks third with 21.3 million active addresses, thanks to its integration with Uniswap V3. The BNB Chain is fourth with 11.7 million active addresses, supported by initiatives like Particle Network. Lastly, Aptos has also seen more activity, reaching about 8.1 million active addresses, driven by projects like Kana Labs.
This competitive landscape shows how quickly blockchain ecosystems can grow through innovative projects and strong user engagement.
