Solana has emerged as the clear leader in weekly on-chain activity among major blockchain networks, recording approximately 29.84 million active addresses over the past seven days according to data from Nansen. The figure represents a 55% increase compared to the previous week, largely driven by a surge in trading volume for the memecoin ANSEM.
Solana’s activity far outpaced competitors: TRON logged 8.74 million active addresses, BNB Chain 8.09 million, Bitcoin 2.73 million, and Ethereum 2.46 million. The network processed 680 million transactions during the period, with fee revenue reaching $3.66 million—a 62% year-on-year jump. Protocol revenue rose 18% to $407,000, while total value locked (TVL) climbed 5.9% to $25 billion, signaling growing capital commitments.
The metrics underscore Solana’s appeal for retail-driven, high-frequency use cases—particularly memecoin trading—which contrasts with Ethereum’s dominance in DeFi and NFTs by TVL. The second source slightly revised the active address count to 31.8 million and highlighted that Solana’s weekly transaction count stood at 674.5 million. Analysts note that the network’s ability to sustain such activity reinforces its competitive edge in scalability and user engagement, even as Ethereum and Bitcoin retain institutional gravity.
