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

BNB concatenation had 10.9 cardinal progressive addresses successful April — the highest, contempt an 11% driblet from March, information from on-chain analytics level Nansen shows.

Solana (SOL) was a distant 2nd with 5.1 cardinal progressive addresses past period — little than fractional the fig of progressive addresses connected the BNB chain. Active addresses connected Solana fell by 12% successful April compared to the erstwhile month, the information show.

Ethereum (ETH) had 4.9 cardinal progressive addresses successful April — down 7.9% from March. Polygon (MATIC) and Arbitrum (ARB) some saw the fig of progressive addresses ascent past month. Polygon had 4.2 cardinal and Arbitrum had 2.4 cardinal progressive wallets past period — up 6% and 7.8% from March, respectively.

But it was Avalanche (AVAX), Celo, and Optimism that recorded the biggest growths successful progressive addresses past month, according to Nansen data. Active addresses connected Avalanche and Celo grew by 87% and 46% respectively, portion Optimism saw a maturation of 36% compared to March.

Diving deeper on-chain

On the BNB chain, 3 platforms saw their fig of users turn importantly past month. Users connected the Polyhedra Network — which provides Web 3.0 infrastructure — accrued phenomenally by implicit 4,000,000% successful April.

Meanwhile, blockchain interoperability supplier LayerZero Labs, and Stargate saw their fig of users leap by 471% and 375%, respectively.

On Solana, Nansen information shows caller users are flocking to the decentralized speech Orca, manner app STEPN — which pays users to workout — the automated marketplace shaper and liquidity supplier Raydium protocol, and liquidity aggregator Jupiter Exchange.

With the caller occurrence of Pepe meme coins, it’s unsurprising that the token’s users accrued by implicit 213,000% successful April, giving Ethereum a boost.

On Polygon, stablecoins Tether (USDT) and USD Coin (USDC) proceed to play a immense relation portion Stargate and Galxe are pulling crowds.

Lastly, successful Arbitrum, users of the non-fungible token (NFT) marketplace OpenSea grew by 619% past month. Decentralized speech (DEX) Arbswap’s users grew by 608% and DEX aggregator Odos protocol saw its users summation by 516% implicit the past month, according to Nansen data.

The station BNB Chain had implicit 10M progressive addresses successful April; Ethereum had 4.9M appeared archetypal connected CryptoSlate.