USDC stablecoin continues to play an vital function in the monetary panorama. It lately skilled constant development, enabling a number of customers to settle funds and token transfers. Whereas energetic USDC addresses have been on the rise, customers are utilizing numerous blockchains to work together with the stablecoin and entry different monetary merchandise. Right this moment, crypto analyst CryptoRank.io shared knowledge that ranked prime blockchains that recorded the highest numbers of energetic USDC addresses over the previous month. These are platforms that drive USDC person engagement.
Top 10 blockchains by energetic USDC customers
Polygon
Polygon, a layer-2 scaling resolution for Ethereum emerged as the prime blockchain that had the highest variety of energetic USDC addresses over the previous 30 days. In response to the knowledge, energetic USDC addresses on Polygon reached 2.7 million in the final 30 days, accounting for over 30% of whole addresses. These determine reveals that Polygon is the main chain for USDC transfers and stays a robust avenue for stablecoin customers.
Solana
Solana, a Layer 1 blockchain, took the second place, after it recorded 2.2 million energetic USDC addresses over the interval. Whereas the community has lengthy been the market chief in stablecoin transactions, it’s ranked second on this record. This nonetheless reveals its dominance, permitting USDC customers use to work together with numerous digital belongings.
Solana lately turned the most well-liked platform for meme cash, attracting exercise from Ethereum with its sooner processing velocity and decrease charges. The rise in the variety of USDC wallets in the community appears to be linked to the renewed rise of meme coin speculative buying and selling exercise on Solana.
Base
Base, an L 2 resolution developed on prime of Ethereum, secured third place after it registered 1 million energetic USDC addresses in the previous month. In response to the knowledge, Solana and Base mixed account for about 40% of energetic USDC addresses. Based mostly, a brand new platform, is getting floor in stablecoin transactions. USDC customers are attracted to the Base community resulting from its improved effectivity and scalability resulting in sooner transaction velocity and decrease charges.
Ethereum
Regardless of its dominance in the stablecoin market, Ethereum had 888,000 energetic USDC customers, making it quantity 4 on this record. This signifies that resulting from Ethereum’s excessive transaction charges and community congestion points, many USDC customers (even different stablecoin customers) desire utilizing different networks that supply sooner processing occasions and decrease transaction prices.
Arbitrum
Arbitrum, a L2 scaling resolution on Ethereum, can also be making a reputation in the stablecoin market. It occupied the fifth place on this record with 608,000 energetic USDC addresses. It seems that the current surge in recognition of Layer-2 networks (like Polygon, Base, Arbitrum, and others) supply higher different for USDC customers to transact at considerably much less charges than base layer Ethereum.
Others
Different protocols that registered vital numbers of energetic USDC addresses over the stated period embody BNB Chain, Optimism, Avalanche, Celo, and Tron.
BNB Chain took the sixth place with its 463,000 energetic USDC addresses. It was adopted by Optimism, which had 184,800 energetic USDC addresses. Avalanche settled on the eighth place with 92,300 energetic USDC wallets. Lastly, Celo and Tron wrapped this record after that they had 7,300 and 1,400 energetic USDC customers respectively.
