Bitrabo Editorial
The chief crypto analyst at Real Vision, Jamie Coutts, recently ranked layer-1 networks based on their network growth, revealing some unexpected names at the top of the list.
SUI And Mantle Network at the Summit
On the list shared by Coutts, Sui and Mantle were ranked first and second for their impressive growth in Daily Active Users (DAUs) over the last three months. SUI saw a remarkable 3503% increase in DAUs, while Mantle experienced a 518% growth.
Celo, Arbitrum, and Blast followed in the top five with DAU growth percentages of 414%, 157%, and 107%, respectively. TON secured the sixth spot with a growth rate of 97%, showing a decline compared to its 6-month DAU growth of 1,346%.
Base, an Ethereum layer-2 network, also made the list with a 3-month DAU growth of 78.6%, driven by its meme coin ecosystem attracting traders seeking substantial gains.
Near, Tron, and Polygon completed the top 10, with DAU growth rates of 37.9%, 31.2%, and 30.6%, respectively. MultiversX and Fantom were among the few other networks experiencing significant growth in the past three months.
Notably, major networks like Bitcoin, Ethereum, BNB Chain, Solana, and Cardano observed declines in their Daily Active Users in the last three months. BNB Chain showed the largest decline at -28.6%.
While Solana saw a decrease in its 3-month DAUs, the 6-month trend displayed a positive 124.9% growth, hinting at differing short and medium-term dynamics.
Positive Signal for the Crypto Ecosystem
Despite the rankings, the overall increase of 20% in the total Daily Active Users across these networks to 12.8 million users indicates a bullish sentiment for the broader crypto ecosystem. Coutts believes this user acquisition could positively impact the native token prices on these networks.
Coutts also anticipates a potential total of 20 million Daily Active Users on crypto networks by the end of the year, suggesting a positive influx of new users and capital into the ecosystem, potentially boosting prices.