Hello HODLers!
Today we are going to analyze which are the blockchains with the most active users, I'm sure you will find a lot of interesting info!
👉 In the first place there is the BNB chain
Active addresses:
Unique 1 Day 927k
Unique 7 Days 3.24M
Unique 30 Days 7.66M
TVL: It went from the top of $ 21 billion in May 2021 to 5 billion today. Double counting is disabled so we do not consider liquid staking dapps and the like.
The most relevant Dapps are Pancake (DEX), Venus (Money market), Alpaca (farming in lever)
👉 In second place stands Ethereum
Active addresses:
Unique 1 Day 310k
Unique 7 Days1.41M
Unique 30 Days 4.39M
The TVL has gone from $ 113 billion in November 2021 to around 34 billion today
The dapps with the most liquidity are MakerDAO (decentralized stablecoin DAI), Uniswap (DEX), Lido (Liquid staking), Aave (money market) and Curve (stable swap).
👉 In third place there's Polygon
Active addresses:
Unique 1 Day 227k
Unique 7 Days 1.14M
Unique 30 Days 2.45M
TVL: From the top of $ 10.1 billion in June 2021 to "only" 1.5 billion.
The most liquid dapps are Aave (money market), Quickswap (DEX) and Curve (AMM stable swap)
🔧Which chains grow the most?
The chains with the greatest relative address growth since the beginning of the year are Near and Optimism but the numbers are significantly lower than these 3 on an absolute basis.
Tron, Avalanche instead have more Total value locked than Polygon but have less activity.
We did not consider Solana because it is difficult to distinguish human and bot activities
🔧How many fees are the chains generating?
The comparison is relative given the different validation systems and given that some chains foresee burn and others do not. The weekly average however is
Ethereum: $ 4,546,399
Bitcoin: $ 298,378.81
BnB chain: $ 622,372
Arbitrum: $ 165,195
Polygon: $ 27,625 (?)
Optimism: $ 29,484 (?)
Avalanche: $ 28,751 (?)
Cardano: $ 11,751 (?)
Sources:
• DeFi Llama
• Nansen
• CryptofeesInfo
• Coimetrics
That Ethereum is among the most active chains is no surprise, but why is BnB chain in the first place? And why is Polygon on the podium?
The BSC (now BNB chain) built a loyal user base in the early part of 2021 by being in the right place at the right time. The market was growing, DeFi was growing even more and a quick solution was needed to the costs of Ethereum which were rising fast.
Polygon came soon after the BSC. Its term was May 2021. The foundation's announcement of an incentive program brought numerous investors. Having a "policy" aligned with Ethereum and therefore being a "legalized" alternative made it easier for maxi ETHs to bring their funds to this chain.
Among the dapps with more TVL we note that often there is only one DEX (Decentralized Exchange) among the first positions that dominates the scene. In fact, large exchanges need large liquidity. There is always a reliable MM (Money market).
The big capital are in hard currency such as btc and eth and they need to block these coins to have other coins and stablecoins.
The rest of the liquidity is concentrated only on protocols that maximize capital efficiency (e.g. Stableswap, leveraged farming, Money market with collateral lp etc).
The rest, the numerous clones of the main Dapp, touch the "crumbs".
As time went by, the rotation of capital in DeFi became less hectic and distribution became more fragmented. Furthermore, the frenzy on governance tokens (e.g. cake, uni etc) is also over, which made it difficult to make big money in defi, but with study sweat and elbow grease you can sow and seize opportunities and we have shown it numerous times
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Users earn LUNR daily based upon the number of points earned each day. Points can be earned providing opinions, holding Lunr, inviting friends and in many other ways. Points are calculated at the end of each day and distributed as Lunr, which can be claimed into your wallet.
As a user completes their profile on LunarCrush, they achieve a higher Profile Strength. There are five tiers of strength, each with their own limits in terms of how many Lunr a user can receive each day. Based on Profile Strength and user's activity on Lunar Crush, users can earn different amount on Lunr each day.
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