7
1. Solana (SOL)
- Averaged 2.6 million daily active addresses, a staggering +702% YoY increase, driven by memecoin trading, DeFi, and NFTs (CoinGenius
- Became the second-largest DeFi chain, increasing its share of DeFi TVL from ~2.5% to ~7.3%
- Dominated DEX trading in Q4 2024, capturing over 30% trading volume, outpacing Ethereum during that quarter (coinvoice.net).
2. TRON (TRX)
- Recorded 1.9 million DAAs (+20.3% YoY), primarily powered by high-volume stablecoin transactions (especially USDT) owing to low fees and speed (CoinGenius).
- Maintained significant presence in DeFi and cross-border stablecoin usage (CoinGenius).
3. BNB Chain (Binance Smart Chain)
- Reached around 1 million DAAs with a slight decline (~4.8%) from the previous year (CoinGenius).
- Continued as a central hub for token trading and DeFi activities.
4. Polygon (MATIC)
- Achieved roughly 855,000 DAAs (+139% YoY), fueled by gaming, NFTs, and DeFi built on its Layer‑2 scaling architecture (CoinGenius).
- Hosted over 1.18 million daily users by mid‑2024—up from ~340,000 in late‑2023—solidifying its role in Ethereum’s ecosystem (Zora News).
5. Base (Coinbase Layer‑2)
- Surged to 655,000 DAAs, achieving an extraordinary +2,098% YoY rise thanks to seamless Ethereum integration and Coinbase’s user base (CoinGenius).
6. Sui (SUI)
- Hit 519,000 DAAs, growing a whopping +908% YoY, supported by its innovative Move-based architecture and fast-growing dApp ecosystem (CoinGenius).
7. Bitcoin (BTC)
- Maintained 496,000 DAAs, though this marked a 19% YoY decrease, reflecting Bitcoin’s dominant role as a store-of-value rather than daily utility (CoinGenius).
- Despite user declines, Bitcoin remained the largest blockchain by market capitalization and institutional adoption (BlockBeats, Investopedia, Fn London).
8. The Open Network (TON)
- Skyrocketed by +5,185% YoY to reach 414,000 DAAs, largely due to Telegram integration and user-friendly mini-apps within the messaging ecosystem (CoinGenius).
9. Arbitrum (ARB)
- Recorded 413,000 DAAs (+180% YoY), solidifying its position as one of the key Ethereum Layer‑2 scaling solutions (CoinGenius).
- By end of 2024, Arbitrum’s TVL reached $10.6 billion, commanding ~41% of Ethereum Layer‑2 DeFi market share (BlockBeats).
10. Aptos (APT) (honorable mention beyond top‑ten DAAs list)
- Though outside the top ten daily active address ranking, Aptos was a standout in TVL growth—surging +754.4% YoY in 2024 (BlockBeats).
- Alongside Sui and Solana, Aptos drove significant TVL expansion across the rapidly evolving blockchain ecosystem.
📊 Broader Market Trends in 2024
- Public blockchain market cap soared 105.3% to $28 trillion by year-end (BlockBeats).
- Bitcoin dominance rose to 69.8%, while Ethereum’s share dipped to 15.2%. Solana and BNB remained at 3.3% and 3.5%, respectively (BlockBeats).
- DeFi TVL hit $102.8 billion, up 88.6% YoY; top performers included Bitcoin and TON (both >2,000% growth), plus Aptos, Sui, and Solana (BlockBeats).
- Ethereum Layer‑2 adoption expanded rapidly: >200 chains live, with Arbitrum, Base, and Optimism commanding ~79% of L2 TVL by year‑end (BlockBeats).
- Bitcoin Layer‑2 and sidechains saw explosive TVL gains (+1,277.6%), led by Core, Bitlayer, and others (BlockBeats).
🧭 Why It Matters
- DAAs reveal networks with active users—highlighting platforms seen as useful daily.
- TVL reflects institutional adoption, trust, and the volume of assets deployed in decentralized finance.
- Growth rates signal momentum and emerging trends—like Base’s explosive rise or TON’s Telegram-fueled adoption.
✅ Summary Table
| Rank | Blockchain | Key Metric Highlights |
|---|---|---|
| 1 | Solana | 2.6M DAAs (+702%), 2nd in DeFi TVL |
| 2 | TRON | 1.9M DAAs (+20%), stablecoin hub |
| 3 | BNB Chain | ~1M DAAs (slight decline), strong DeFi |
| 4 | Polygon | 855K DAAs (+139%), Layer‑2 Ethereum scale |
| 5 | Base | 655K DAAs (+2,098%), fast-growing L2 |
| 6 | Sui | 519K DAAs (+908%), rapid ecosystem growth |
| 7 | Bitcoin | 496K DAAs (–19%), top value asset class |
| 8 | TON | 414K DAAs (+5,185%), Telegram integration |
| 9 | Arbitrum | 413K DAAs (+180%), leading Ethereum L2 |
| — | Aptos (mention) | TVL growth +754%, emerging DeFi force |
🔮 Looking Ahead: Key Takeaways
- Layer‑2 solutions like Base, Arbitrum, Polygon are growing fast as Ethereum scales via off‑chain capacity.
- New blockchains like Sui, Aptos, TON are penetrating with high growth, innovation, and ecosystem appeal.
- Established giants—Bitcoin and Solana—balance stability with innovation, holding major market cap and user bases.
- TVL and DAAs together offer a fuller picture: active-users networks indicate usage; TVL indicates institutional confidence.
