Onchain activity drops on major networks per Nansen data, with 11 blockchains seeing declines in active addresses. Ronin fell by 70%, while Bitcoin had a 7.2% drop. Ethereum layer-2 chains also experienced decreases. Despite this, Ethereum’s base layer saw a 25% increase in active addresses and over 20% rise in transactions.
Pixels game saw an increase in activity on Ronin, making it the second-most active chain briefly in 2023. By December 2024, Pixels had 300,000 daily users before activity declined, impacting Ronin’s onchain activity.
Several Ethereum layer-2 networks experienced declines as airdrop activity slowed. ZKsync had a significant drop in transactions, with many top airdrop wallets immediately selling their allocations. Arbitrum saw a 3% decrease in active addresses but remained among the top 10 networks by activity.
Base and Optimism saw increases in active addresses and transaction volumes. Solana led in active addresses, followed by Tron and Ethereum. BNB Chain had a 159% rise in active addresses, while Bitcoin recorded a decline alongside a 22% drop in transactions.
Solana’s price fell despite a 66% increase in active addresses, while BNB’s token price rose alongside more network activity. The relationship between onchain usage and token prices was inconsistent.
TON saw a decline in active addresses and transactions, following growth in 2024 driven by Telegram-based mini-games. Hamster Kombat attracted millions of users, leading to a surge in activity before declining as engagement cooled.
Onchain activity can quickly shift between networks, not remaining tied to a single chain. Usage declines do not mean ecosystem failure, as activity may cool after periods of growth. Solana retained usage after the memecoin boom, showing resilience compared to other chains.
Solana peaked in daily active addresses during the memecoin boom but maintained higher activity levels post-boom. Short-term profit-seeking drove much of the onchain activity decline, but some networks retained usage beyond viral surges.

Read more at Cointelegraph: Ronin and ZKsync’s Onchain Metrics Fell the Most in 2025