Thread by @trmachine888

Lets compare chains:

The number of "daily active addresses" on #Ethereum has despite bear market not declined💪
The daily transaction number slightly decreased but still holding up.
$ETH

Now lets compare it with #Avalanche $AVAX , you can clearly see the "boom and bust" cycle it went through, the rapid decline started around May 9.
Which coincides with the death of $TERRA.

Just wiped out retail.

For #Avalanche there has been an uptick in TX this year however most of it comes from @LayerZero_Labs $STG which are most likely airdrop farmers.
@Galxe is used to get roles in Discord nothing special. @traderjoe_xyz a crosschain DEX with innovative concentrated liq design.

Lets check out @SizeChad 's summerproject aka #Arbitrum. The numbers clearly speak for themselves.
The trend is up and basically off the charts, even post Airdrop. People just like the ecosystem.🆙

@RDNTCapital the crosschain protocol and @GainsNetwork_io the perp dex stand out

Head to head with #Ethereum we can see that Arbitrum even flipped the daily active user lately😳

For #Optimism we have seen multiple cycles in ups and downs, end of last year strong uptrend of activity and then decline.

Not sure what the catalyst here was.

Compared to ETH it looks like this. Recent uptick is probably @Kwenta_io / @synthetix_io combo. @kaiynne has done a lot to keep OP in the game.

Looking at #Solana ,
yes the number of TXs have increased while the number of active accounts declined.
Most of them are however just "Vote transactions". @PythNetwork the native oracle and after that @DriftProtocol takes the crown as perp dex followed by @ZetaMarkets.

#Binance $BNB held up very steady, which owes it success to Binance having the absolute CEX monopoly. @PancakeSwap the native dex taking the crown, people just like to trade altcoins.
Not really familiar with the other projects.

Head to head we can see when it first took off in 2021 but the number of transactions are still multiple higher than on #Ethereum .
Active addresses somewhat flat and transactions down make sense.
Bullmarket means people trade more coins, and more new coins pop up.

One more that you would not expect #Ronin which is the Bridge used by @AxieInfinity as you might guess the ATH in usage coincides 1:1 with the up and down of $AXS. No uptick in activity since then.

#Fantom is also no surprise , I dont understand the outliers when it comes to active addresses (keep in mind "sending address only" to exclude spam). Maybe @AndreCronjeTech has an explanation?

@SpookySwap the native dex after L0/STG the most used protocol.

The number of transactions is steady down though, not very pretty. Who knows if @AndreCronjeTech comes up with some interesting new protocols that make people use $FTM again.

Last but not least $MATIC aka Polygon . Havent used this one in a while so no real insights but looks relatively strong a lot of @LensProtocol usage and @Planetix0 (a game).
We also recently heard how they want to partner up with @Immutable to launch games.

Besides BSC and Arbitrum the only other network with more Transactions than #Ethereum .

Which one is your favorite chain? Did I miss yours? Let me know :)

Tagging some threadors, friends and insiprations☺️

@adamscochran

@LouisCooper_

@blknoiz06

@chatwithcharles

@crypto_linn

@DeFiSurfer808

@casperdefi

@napgener

@QDagelet

@thedefivillain

@TheCryptoDog