Which cryptocurrencies have the most daily active addresses?

An analysis by market intelligence platform IntoTheBlock has revealed the number of daily active addresses for major cryptocurrencies. This metric provides information on 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 biggest of the bunch Bitcoin (BTC).

Solana tops the list

At the top of the list is Solana, with a daily active address count of $3.04 million. Their network has been the subject of many discussions and trends this year, especially the meme coin craze, which has led to an influx of more users. The blockchain has seen the launch of new protocols, such as Pump.Fun, which has taken meme coin trading on the network to new levels. Even the introduction of SOL liquid staking has 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 can be related to the growing popularity of applets and games on Telegram. TON has a daily active address count of 2.89 million.

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

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

Bitcoin comes in at number five

Bitcoin has the fifth highest number of daily active addresses with 779,650. In addition to its reputation as the leading 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 Exchange Traded Funds, its activity on the network has witnessed the effects of an influx of new users.

After BTC is ether (ETH), which has about 417,000 daily active addresses. Even though ETH has become deflationary, Ethereum still has applications that keep users going.

The remaining four 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 counts, respectively.

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