Behavior of major layer 1 blockchains in the first quarter.
$ETH : Led with the largest user base interacting with its extensive ecosystem of dApps (DeFi, NFTs, games, etc.). It recorded a very high volume of transactions on its base layer and in its layer 2 solutions due to activity in DeFi and NFTs.
$TRX : Had a large user base, especially in areas such as digital entertainment and low-cost value transfers. Its low fees drove a significant volume of transactions, particularly in value transfers and entertainment applications.
$SOL : Experienced significant growth in users, particularly in DeFi and NFTs, driven by its speed and low fees. Its high transaction processing capacity likely placed it among the leaders in transaction numbers.
#NEO : While NEO has a loyal community and projects in its ecosystem, its total number of active users interacting with dApps was lower compared to Ethereum, Tron, and Solana. Its historical focus on asset digitization and regulation may have resulted in a user base more centered on specific use cases. The transaction volume on the NEO network was likely lower compared to platforms with higher activity in DeFi and high-frequency transactions. Although NEO 3 introduced performance improvements, its overall adoption in terms of daily transactions may not have reached the levels of the leaders.
#ADA : Its community grew, but adoption in terms of active dApp users was lower compared to the leaders.
#Polkadot and #Avalanche : Both platforms saw an increase in user activity as their ecosystems expanded, but did not reach the levels of the top contenders.
#EOS : Its user adoption did not show significant growth compared to other platforms.
The transaction volume of the last 4 was much lower than the leaders.