Coin Edition -
- Data from Coin98 Analytics shows that Tron is leading in daily active users by blockchain.
- Coin98 revealed that Tron hosts 1.5 million active users daily.
- Bitcoin comes in second with 993,000 daily active users on its blockchain.
Data from Coin98 Analytics, a blockchain data analysis platform, shows that Tron is leading in the number of daily active users by blockchain. In a recent post on X (formerly Twitter), Coin98 revealed that Tron hosts 1.5 million active users daily, leading the likes of Bitcoin, BNBChain, and Ethereum.
#Tron is leading with 1.5M daily active users, outshining #Bitcoin, #BNBChain, and #Ethereum pic.twitter.com/to1Kl3zkDI— Coin98 Analytics (@Coin98Analytics) November 7, 2023
In the post, Coin98 shared a screenshot of the top 20 blockchain networks by daily active users, showing that Tron maintains a significant lead above the rest of the blockchains. The second-highest blockchain in terms of daily active users is Bitcoin. According to Coin98’s data, the number of daily active users on Bitcoin is 993,000.
BNBChain follows Bitcoin with 948,000 daily active users, while NEAR claims fourth place with 820,000 users. The next in line is Polygon, with 342,000 daily active users, according to Coin98’s data. Surprising to many people is that Ethereum came in a distant fifth position despite being the pioneer blockchain for DApp creation. The shared data showed that Ethereum has 313,000 daily active users, about one-fifth the number published for Tron.
The number of daily active users is a metric that reflects the number of unique public addresses transacting on a blockchain daily. It can tell a lot about the health of a blockchain ecosystem. Blockchain users deploy this metric when gauging the growth of a particular blockchain, the investment growth rate, and how it is scaling.
The metric also provides information on the adoption rate of a given blockchain network. A growing daily active user metric suggests more people are adopting the blockchain, which is usually a positive signal. On the contrary, when the number of daily active users drops, it signifies abandonment or migration to other competing solutions.
Tron’s growing daily active users also impact the value of TRX, the blockchain’s native token. TRX has been in a steady rally since mid-August, gaining about 40% in the process. At the reported time, TRX traded for $0.09700 at the time of writing after consolidating from a local high of $0.10121, according to CoinMarketCap.
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