Avalanche, Sonic, Fantom Outpace Rivals in On-Chain Surge—While Legacy Chains Scramble

Move over, Ethereum—the alt-L1 trio just posted explosive growth metrics that leave incumbents in the dust.

• Avalanche’s C-chain daily transactions up 210% month-over-month

• Fantom’s new Sonic upgrade slashes finality to under 1 second

• Sonic’s testnet hits 4K TPS—enough to give Visa’s marketing team night sweats

Meanwhile, Wall Street’s ’blockchain consultants’ are still charging six figures to explain what a smart contract is.

Crypto on-chain activity has recently attained new heights. As per the data from Nansen, a popular AI analytics platform, Avalanche, Fantom, and Sonic have attained the top positions in the case of on-chain activity. The analytics firm took to social media to disclose the surging on-chain activity.

Who’s been heating up onchain?

Top chains by % change in active addresses over the last 7 days:

Avalanche – up 258%
Sonic – up 255%
Fantom – up 120% pic.twitter.com/zG8aK3By80

Avalanche Dominates On-Chain Activity with 255% Rise in Active Addresses

The on-chain data discloses 258%, 255%, and 120% growth in on-chain activity in the case of Avalanche, Sonic, and Fantom respectively. In this respect, Avalanche is atop the crypto projects with a significant 258% spike in its active addresses. Now, its active addresses are 656,971. This shows a great extent of network utilization and consumer engagement.

Subsequently, Sonic is closely following Avalanche with a notable 255% increase in the platform’s active addresses. Therefore, these addresses are almost 525,930. Hence, Sonic has become the top 2nd crypto project in on-chain activity. This indicates a substantial surge in the dApp usage, developer activity, and potentially the user interest. Moreover, this also complements the entire ecosystem of Sonic, raising Optimism about its potential progress in the near future.

Fantom Becomes Top 3rd Player in On-Chain Activity with 120% Upsurge

According to Nansen, the 3rd top platform in terms of on-chain activity is Fantom. Specifically, the number of total active addresses on Fantom has risen by a noteworthy 120%. Due to this, it accounts for 191,556 active addresses. This on-chain activity surge is promising for the further advancement of the above-mentioned projects.