Ronin and ZKsync’s onchain metrics fell the most in 2025

Onchain enactment declined sharply connected respective large networks, according to Nansen data, with 11 blockchains posting drops successful progressive addresses successful the past year.

Ronin fell the astir astatine 70%, portion Bitcoin registered a 7.2% decline. Several Ethereum layer-2 networks made the list.

Nansen information besides showed drops successful transaction enactment crossed galore of the aforesaid networks. ZKsync recorded 1 of the steepest declines, with transactions falling 90%.

Meanwhile, Ethereum’s basal furniture recorded a 25% summation successful progressive addresses and much than a 20% emergence successful transactions, adjacent arsenic statement continued astir Ethereum’s rollup-centric roadmap and concerns implicit liquidity fragmentation crossed layer-2 networks.

Ronin and Ethereum layer-2 chains predominate enactment declines arsenic Bitcoin sneaks into the list. Source: Nansen

Networks with the biggest usage declines

Pixels is simply a fashionable crippled that migrated to Ronin from Polygon successful the 2nd fractional of 2023. At the time, Ronin had astir 20,000 regular progressive users earlier Pixels’ accomplishment drove a sharp summation successful activity, concisely making Ronin the second-most progressive concatenation by regular users.

By December 2024, Pixels registered astir 300,000 regular progressive users, according to DappRadar. The game’s popularity has since declined, and Ronin’s onchain enactment has fallen alongside it, showing the network’s reliance connected deed games.

Pixels enactment dropped passim 2025. Source: DappRadar

Several Ethereum layer-2 networks besides experienced a diminution successful usage arsenic enactment tied to airdrops cooled. ZKsync’s token airdrop assertion opened successful June 2024. The web said nearly 700,000 wallets were eligible portion fending disconnected criticism of its Sybil filtering. Nansen information showed that much than 40% of the apical airdrop wallets immediately sold their allocations. Scroll besides appeared connected the database following its October 2024 airdrop, aft which onchain enactment slowed down.

Arbitrum saw progressive addresses autumn by 3%, though its astir 31 cardinal users inactive ranked it among the apical 10 networks by activity. The Ethereum rollup conducted its airdrop successful 2023, and its transaction measurement roseate 36% implicit the past twelvemonth to astir 734.5 million, beating Ethereum’s 507 cardinal transactions. Arbitrum drew activity from tokenized assets, including 500 US stocks stamped connected the web by Robinhood.

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Base and Optimism stood retired among Ethereum layer-2 networks. Both posted increases successful progressive addresses and transaction volumes. Base does not person a autochthonal token and has ne'er conducted an airdrop. Onchain enactment roseate alongside involvement successful areas specified arsenic memecoins, AI-related applications and decentralized exchanges.

Solana recorded the astir progressive addresses successful the manufacture with much than 1 billion, followed by Tron and Ethereum. BNB Chain posted a 159% summation successful progressive addresses, portion Bitcoin was the lone web successful the apical 5 to grounds a decline, alongside a 22% driblet successful transactions.

Memecoin enactment has cooled, but Solana inactive leads the manufacture successful onchain activity. Source: Nansen

What the declines bash and bash not show

The information showed small accordant narration betwixt onchain usage and token prices. Solana’s terms fell implicit the past twelvemonth contempt a 66% summation successful progressive addresses, portion BNB’s (BNB) token terms roseate alongside accrued web activity.

BNB roseate astir 20% successful the past year. Source: CoinGecko

The year-over-year declines bash not needfully constituent to terminal problems for the networks involved. Onchain enactment tin plaything sharply arsenic applications migrate, inducement programs upwind down oregon users displacement betwixt chains, peculiarly among newer networks inactive establishing their halfway usage cases.

Telegram-linked blockchain The Open Network (TON) besides recorded a 47% driblet successful progressive addresses and a 51% diminution successful transactions, a reversal that followed outsized maturation successful 2024. Telegram-based mini-games drove overmuch of that earlier activity, drafting successful users beyond the platform’s emblematic crypto-native audience.

Related: Bitcoin decouples from stocks successful 2nd fractional of 2025

Hamster Kombat was among the astir salient examples. The tapping-based crippled lowered the obstruction to introduction done elemental mechanics and drew dense information from users anticipating a aboriginal token airdrop. According to Telegram CEO Pavel Durov, the viral crippled attracted 239 cardinal users wrong 3 months, with much than 130 cardinal qualifying for its airdrop successful precocious September.

Nansen information shows that TON’s progressive addresses peaked astatine astir 2.5 cardinal per time connected Sept. 30. Activity has since fallen backmost arsenic engagement tied to Hamster Kombat cooled, underscoring however short-lived surges tin distort year-over-year comparisons.

Hamster Kombat pushed Ton’s enactment to caller records. Source: Nansen

A fewer chains retained usage aft hype

The past year’s blockchain information shows that onchain enactment shifts rapidly betwixt networks alternatively than remaining anchored to immoderate azygous chain. Usage fell astir sharply connected blockchains wherever enactment had been concentrated astir a tiny fig of applications, inducement programs oregon viral moments.

At the aforesaid time, those declines bash not automatically awesome broader ecosystem failure. In respective cases, enactment cooled aft periods of outsized growth, highlighting however year-over-year comparisons tin beryllium distorted by hype cycles, airdrops oregon short-lived applications.

Solana offers a utile contrast. While memecoin-driven enactment boomed passim 2024 and aboriginal 2025 earlier cooling toward the extremity of the year, the surge besides brought successful users, liquidity and applications that continued to enactment the network.

Solana’s memecoin roar has brought successful caller addresses that stayed aft the boom. Source: Nansen

Solana’s regular progressive addresses peaked supra 9 cardinal connected Oct. 22, 2024, during the tallness of memecoin trading. By December, regular users fluctuated betwixt 2 cardinal and 3 million. While that marked a crisp pullback from highest levels, enactment remained consistently higher than earlier the boom.

Much of the past year’s onchain enactment diminution was driven by short-term profit-seeking, but networks specified arsenic Solana, BNB Chain and Base showed signs of retaining usage beyond viral surges, mounting them isolated from chains that saw sharper reversals.

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