-
Nansen’s latest blockchain analytics report highlights Avalanche as the best performing blockchain this week, driven by exceptional fee and transaction growth.
-
Other notable performers include Gravity, Ton, Blast, and Algorand, each demonstrating unique strengths in fee revenue and user engagement metrics.
-
According to COINOTAG, “Nansen’s data reveals a clear divergence between chains focusing on user acquisition and those optimizing transactional revenue.”
Discover the top-performing blockchains this week as Nansen reports Avalanche leading with 122% fee growth, alongside key insights on Gravity, Ton, Blast, and Algorand.
Avalanche Leads Weekly Blockchain Fee Growth with 122% Surge
The blockchain analytics platform Nansen has identified Avalanche as the standout performer this week, boasting a remarkable 122% increase in fee revenue coupled with a 133% rise in transactions. This dual growth indicates not only heightened network usage but also enhanced monetization capabilities within the Avalanche ecosystem. Such a surge suggests that Avalanche is successfully attracting both new users and higher-value transactions, positioning it as a dominant Layer 1 chain in the current market landscape.
Gravity and Ton Show Strong Momentum in User Engagement and Fee Growth
Following Avalanche, Gravity demonstrated a significant 49% increase in fees alongside a 39% rise in active addresses, reflecting robust user adoption and transactional activity. Ton maintained consistent on-chain momentum with a 40% fee growth, underscoring its steady performance in a competitive environment. These figures highlight how different blockchains are leveraging both user expansion and transaction value to drive growth, offering diverse pathways to network success.
Blast and Algorand: Diverse Strategies Yielding Fee Revenue and User Growth
Blast recorded a 30% increase in fee revenue despite experiencing a decline in transaction count, indicating a rise in the average value per transaction. This trend points to deeper engagement from users conducting higher-value interactions. Meanwhile, Algorand excelled in user acquisition, topping the leaderboard with an 80% surge in active addresses and surpassing 1.2 million active users. Its 22% fee growth complements this user base expansion, showcasing a balanced approach to scaling both network activity and monetization.
Implications of Divergent Growth Strategies Across Layer 1 Blockchains
Nansen’s data emphasizes a growing divergence in growth strategies among Layer 1 blockchains. Some networks prioritize expanding their user base through wallet adoption and daily activity, while others focus on increasing transactional revenue by fostering higher-value interactions. This bifurcation reflects the evolving dynamics of blockchain ecosystems, where success can be measured through either breadth of users or depth of engagement. Investors and developers should consider these differing approaches when evaluating blockchain potential and sustainability.
Conclusion
The latest analytics from Nansen provide valuable insights into the current state of blockchain performance. Avalanche’s leading fee and transaction growth underscore its rising prominence, while Gravity, Ton, Blast, and Algorand illustrate varied yet effective strategies in user engagement and monetization. As the Layer 1 landscape continues to evolve, monitoring fee growth alongside active address metrics will be crucial for understanding which blockchains are gaining meaningful traction and delivering sustainable value.
