Looking at blockchain activity across major networks over the past year reveals interesting adoption patterns. Ethereum maintains its position as a leading platform, while Solana and BNB Chain continue to demonstrate strong user engagement with considerable active address counts. Base has emerged as a notable performer in the layer-2 ecosystem, competing closely with Arbitrum and Optimism Mainnet for developer and user attention.
Beyond Ethereum's ecosystem, alternative chains like Tron, Polygon, Near, and Aptos each show distinct activity levels reflecting their respective positioning strategies. Bitcoin remains the foundational layer with its own activity metrics, while specialized networks such as Ronin (gaming-focused), Immutable (NFT infrastructure), and Sei (high-frequency trading) serve their niche communities effectively.
Ton, Litecoin, Algorand, Celo, and Dogechain round out the landscape with their own user bases, while emerging players like Gravity continue to build adoption. This diversity in active addresses across chains underscores how fragmented liquidity and users have become across the blockchain ecosystem—a defining characteristic of the current multi-chain era.
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EthSandwichHero
· 8h ago
Is liquidity fragmentation the fate of this era, or do I miss the days when Ethereum ruled the world?
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ImpermanentPhilosopher
· 8h ago
Is liquidity fragmentation so severe that you still expect one chain to dominate everything? Multi-chain is just mutual competition.
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GasFeeCrybaby
· 8h ago
Is liquidity really so fragmented? Is it really necessary? It seems like everyone is just doing their own thing...
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WhaleWatcher
· 8h ago
With liquidity fragmentation so severe, who can still dominate the market...
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PonziDetector
· 8h ago
Liquidity fragmentation is so severe, it's really an ecosystem split... the money is all scattered.
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HashBrownies
· 8h ago
With such severe fragmentation of liquidity, where exactly are our funds spread across different chains?
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Honestly, the L2 space has really heated up this time. I didn't expect Base to be able to compete with Arbitrum.
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In the multi-chain era, everyone wants a piece of the pie, but user experience has become even more fragmented.
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The activity data on Solana seems a bit inflated? Or am I seeing it wrong?
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BTC is the true king; other chains are just trying to get ahead.
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Ronin is dead, but there are still people around? Does the gaming chain really have a future?
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Looking at how fragmented this ecosystem is, you can see why ordinary people are discouraged.
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Base's rise is indeed rapid, but can it sustain itself in the long run?
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Niche tracks and gameplay are still too niche; most of it is just self-entertainment within circles.
Looking at blockchain activity across major networks over the past year reveals interesting adoption patterns. Ethereum maintains its position as a leading platform, while Solana and BNB Chain continue to demonstrate strong user engagement with considerable active address counts. Base has emerged as a notable performer in the layer-2 ecosystem, competing closely with Arbitrum and Optimism Mainnet for developer and user attention.
Beyond Ethereum's ecosystem, alternative chains like Tron, Polygon, Near, and Aptos each show distinct activity levels reflecting their respective positioning strategies. Bitcoin remains the foundational layer with its own activity metrics, while specialized networks such as Ronin (gaming-focused), Immutable (NFT infrastructure), and Sei (high-frequency trading) serve their niche communities effectively.
Ton, Litecoin, Algorand, Celo, and Dogechain round out the landscape with their own user bases, while emerging players like Gravity continue to build adoption. This diversity in active addresses across chains underscores how fragmented liquidity and users have become across the blockchain ecosystem—a defining characteristic of the current multi-chain era.