160.7M monthly active addresses. Up 285%.
Numbers are cool, but where people are actually going is the real story.
BNB Chain and Solana alone hold ~45% of total active addresses.
Here is how I see the split:
@BNBCHAIN: The Retail Gateway
BNB is winning the mass market. Cheap gas, fast speeds, and direct access to the Binance ecosystem make it the easiest bridge from CEX to DEX.
Dominating Asia, MENA, and LATAM, it’s built for the high-frequency retail user who just wants smooth, low-cost transactions without thinking about gas fees.
@solana: The Crypto-Native Hub
Solana is where the action is. It’s driven by traders, memecoin culture, DeFi degens, and high-speed apps.
People aren't just holding bags on Solana, they're actively using the chain every single day.
@ethereum: The Institutional Anchor
Ethereum still owns the deep liquidity, high-value TVL, and institutional trust. But when it comes to raw daily retail activity, it’s clearly no longer the default option.
The big takeaway?
Crypto isn't just asking "Where is the money sitting?" anymore.
It’s asking "Where are the actual humans using the chain?"
Are you betting on TVL or raw user activity for the next cycle?
Numbers are cool, but where people are actually going is the real story.
BNB Chain and Solana alone hold ~45% of total active addresses.
Here is how I see the split:
@BNBCHAIN: The Retail Gateway
BNB is winning the mass market. Cheap gas, fast speeds, and direct access to the Binance ecosystem make it the easiest bridge from CEX to DEX.
Dominating Asia, MENA, and LATAM, it’s built for the high-frequency retail user who just wants smooth, low-cost transactions without thinking about gas fees.
@solana: The Crypto-Native Hub
Solana is where the action is. It’s driven by traders, memecoin culture, DeFi degens, and high-speed apps.
People aren't just holding bags on Solana, they're actively using the chain every single day.
@ethereum: The Institutional Anchor
Ethereum still owns the deep liquidity, high-value TVL, and institutional trust. But when it comes to raw daily retail activity, it’s clearly no longer the default option.
The big takeaway?
Crypto isn't just asking "Where is the money sitting?" anymore.
It’s asking "Where are the actual humans using the chain?"
Are you betting on TVL or raw user activity for the next cycle?