Weekly Active User Rankings Show L1 Networks Dominating
The cryptocurrency space just released its weekly active user statistics, and honestly, the numbers paint a pretty competitive picture. Layer 1 networks seem to be where most of the action is happening right now. I think it’s interesting how user engagement remains concentrated on these foundational blockchains rather than spreading across various layers.
BNB Chain, which is part of Binance’s ecosystem, managed to hold onto its top position. They recorded over 17 million weekly active users, which is quite substantial when you think about it. That’s a lot of people interacting with their network in just seven days.
Notable Performers and Growth Patterns
What caught my attention were some of the other networks showing strong numbers. NEAR Protocol and Solana both stood out with their high interaction volumes. Solana in particular showed an impressive 25% increase in weekly active users. That’s significant growth in a relatively short period.
Polygon also deserves mention for what appears to be a strong recovery in their user numbers. It seems like they’re bouncing back nicely after whatever challenges they might have faced previously.
How the Data Gets Calculated
The methodology behind these numbers is worth understanding. They use something called a 7-day rolling window approach, which basically means they’re constantly updating the count based on the most recent week. This gives a more current picture rather than looking at fixed calendar weeks.
They also employ HyperLogLog algorithms to measure unique users across the chains. This technical approach helps provide more accurate data about actual user behavior rather than just counting transactions or wallet addresses. It’s a smarter way to understand real engagement.
What This Means for the Ecosystem
Looking at these patterns, I’m noticing that user-driven growth continues to favor Layer 1 blockchains. Perhaps this suggests that despite all the talk about Layer 2 solutions and scaling technologies, users still prefer the security and simplicity of main networks.
It’s worth remembering that these are just user activity numbers, not necessarily indicators of investment potential or network health. Different chains serve different purposes and have varying user behaviors. Some might have fewer users but more valuable transactions, while others might have many users with smaller interactions.
The competition among these networks seems healthy for the ecosystem overall. When networks are competing for users, they’re more likely to improve their offerings and user experiences. That benefits everyone involved in the space.
