BNB Chain vs Tron – A Battle for Daily Active Users
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As of Feb. 2, BNB Chain and Tron came remarkably close to identical daily active users, with 1.291 million and 1.275 million addresses, respectively.
Number of active users per day across all networks. Source: TokenTerminal
BNB Chain leads Tron in active users daily, for now
According to Token Terminal, Layer 1 projects dominate the top 10 for daily active users (DAU), with BNB Chain leading the way. The metric is subject to a 33% growth over three months but experienced a 39% decline in the last month.
Tron is in second place. The number of active users per day for a month did not decrease as much as the competitor. The network lost 28%. At the same time, it lost 26% over three months. It turns out that Tron has had negative dynamics for several months.
At the same time, it has lost 26% over the past three months, indicating a sustained period of negative momentum for Tron.
Ronin holds the third position with the highest DAU growth among the top 10. In 90 months, the project grew by 2.545%, and during the month by 47%.
Ranking of blockchains by number of active users per day. Source: Token Terminal
Ranking of projects by DEX volume. Source: DefiLlama
It is also interesting to note that the growth of Solana’s volume in decentralized platforms by 49.36%. At the same time, Solana experienced a 31% decrease in daily active users over the past seven days but demonstrated a remarkable 319% increase over the last three months.
The project is placed 7th in the DAU ranking.
Polygon is ranked fourth by DAU. The project grew 9.7% in one month and 88.8% in three months.
Blockchain rankings in DeFi, NFT, and Dapps.
As per DappRadar, Polygon’s non-fungible token (NFT) market volume has grown by nearly 49%.
An interesting point to highlight is that Bitcoin showed the highest growth in terms of sales volume in this sector during Q4 2023. In that period, the network surpassed Ethereum with a sales volume of $1.27 billion compared to the competitor’s $881 million.
However, in terms of daily active users, Bitcoin falls behind Polygon and holds the 5th position. The network experienced a 22% growth in active users over the last month but saw a 27% decline over the past three months.
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