While the cryptocurrency market rose led by Bitcoin after the weak employment report from the USA, analysis company CryptoRank identified the altcoin networks with the highest number of users in April.
Bitcoin price has increased by approximately 7% in the last 24 hours and is traded at $ 63,257 at the time of writing this article.
Here are the altcoin networks with the most users and their number of users in April:
- Tron (TRX) – 54.7 million
- Near (NEAR) – 53.8 million
- BNB (BNB) – 35.5 million
- Solana (SOL) – 35.2 million
- Polygon (MATIC) – 33.6 million
- Ethereum (ETH) 12 million
- Base – 10.7 million
- zkSync Era – 9.8 million
- Arbitrum (ARB) – 9.3 million
- Linea – 5.6 million
- Celo (CELO) – 4.9 million
- Optimism (OP) – 4.2 million
- Aptos (APT) – 3.2 million
- Scroll – 2.6 million
- Blast – 2.5 million
It is noteworthy that Ethereum, which has the largest market value, can rank sixth on the list. The reason why Ethereum's number of users remains lower than others is the high transaction fees required by the network to process transactions.
However, it is thought that the reason why Tron, which ranks first, has such a large number of users is that most of the USDT stablecoin transfers occur on the Tron network.
*This is not investment advice.