Over the past week, the total number of blockchain transactions across public blockchain and layer 2 networks has reached record highs.
This impressive figure amounts to 342 million transactions in just seven days, the highest weekly figure ever recorded.
Solana, BNB Chain, Tron above
According to data from Dune Analytics, Solana, BNB Chain and Tron were three blockchains with the highest transaction volume over the past week.
Blockchain transactions. Source: Dune
In particular, Solana (SOL) leads in terms of transaction count (59.46%). This can be explained in part by the explosive growth of meme tokens launched through various LaunchPad projects on the platform.
The top two meme coin launchpads, Letsbonk and pump.fun, are located in Solana. Despite its highly speculative nature, meme tokens attract a significant influx of new users, driving the volume of transactions to an unprecedented level.
Blockchain transactions. Source: Dune
Although it accounts for only 18.76% of total transactions, BNB chains maintain their position as the network with the most distributed applications (DAPP). From broad DAPPS across sectors such as Defi, GameFi and NFTS, BNB chains play a key role in maintaining users and maintaining fluidity across their ecosystems.
This could be the result of a BNB chain Maxwell hard fork update that halved block processing time by 0.75 seconds. Hard forks increase speed and synchronization without compromising network quality or decentralization.
Blockchain Dap. Source: Dappradar
Beyond transaction volumes, Solana, BNB Chain and Tron are one of the top 10 blockchains with the highest daily active users. Additionally, Tron has recently surpassed USDT volume Ethereum, which has spurred whale trading and more than 1 million retail transactions every day.
This highlights consistent engagement from the real user community, a key factor in assessing the reliability of the blockchain ecosystem.
The number of active users on the blockchain. Source: Token Device
This powerful rebound of network activity could be an early indicator of the crypto market’s new growth cycle. However, it is important to note that some of the transaction volumes can be attributed to speculative and often unstable activity.
Nevertheless, the 342 million blockchain transactions demonstrate a promising evolution and increased user engagement in the blockchain ecosystem.