New on-chain data from analytics firm Nansen reveals that Solana (SOL) was the most active blockchain network over the past week, with 17.4 million active addresses, marking a 20% weekly increase. This positions Solana significantly ahead of its closest competitors in terms of user engagement for the measured period.
Following Solana, BNB Chain (BNB) ranked second with 12.2 million active addresses, showing a modest 3.2% weekly growth. Tron (TRX) secured the third spot with 8.1 million active addresses, recording a notable 16% weekly increase.
In contrast, other major networks saw a decline in activity. Aptos (APT) reported 6.5 million active addresses, down 4.7%, while Ethereum (ETH) recorded 3.76 million active addresses, a 2.7% weekly decrease. The data highlights a short-term concentration of on-chain activity towards high-throughput networks like Solana, BNB Chain, and Tron.
Separately, Solana's ecosystem newsletter for early 2026 underscored continued developer momentum and growing institutional signals. A key development is the report that Morgan Stanley has submitted an S-1 filing with the SEC for a spot Solana ETF, indicating rising institutional interest. Furthermore, ecosystem development remains robust with over 15 project updates or launches in the past week, including Jupiter's JupUSD stablecoin and Birdeye's Smart Money tracker.
Additional metrics point to real usage growth beyond speculative trading. Solana Mobile recorded a Season 1 volume of 2.6 billion, and the contributor platform SuperteamEarn surpassed 150,000 users. These developments suggest the Solana ecosystem is scaling its infrastructure and user base irrespective of broader market sentiment.
