According to data from on-chain analytics platform Nansen, the BNB chain had the highest number of active addresses in April, with 10.9 million users, despite an 11% drop from March. Solana was a distant second with 5.1 million active addresses, a 12% drop from March. Ethereum had 4.9 million active addresses, down 7.9% from March, while Polygon and Arbitrum saw their active address numbers increase, with 4.2 million and 2.4 million active wallets respectively.
Avalanche, Celo, and Optimism recorded the biggest growths in active addresses last month, with 87%, 46%, and 36% growth respectively. On the BNB chain, three platforms saw significant user growth, with Polyhedra Network, LayerZero Labs, and Stargate experiencing increases of over 4,000,000%, 471%, and 375% respectively.
On Solana, new users flocked to decentralized exchange Orca, lifestyle app STEPN, automated market maker and liquidity provider Raydium protocol, and liquidity aggregator Jupiter Exchange. Pepe meme coins saw an increase of over 213,000% in users, giving Ethereum a boost.
On Polygon, stablecoins Tether and USD Coin played a huge role while Stargate and Galxe pulled in crowds. In Arbitrum, users of the non-fungible token marketplace OpenSea grew by 619%, decentralized exchange Arbswap’s users grew by 608%, and DEX aggregator Odos protocol saw its users increase by 516% over the last month, according to Nansen data.