SUI And Mantle Network Top The List: Layer-1 Networks Ranked By Network Growth

Jamie Coutts, the chief crypto analyst at crypto firm Real Vision, recently ranked layer-1 networks using their network growth.

Crypto analyst Jamie Coutts has ranked layer-1 networks based on their network growth, revealing some surprising results.

Coutts shared the rankings on his X (formerly Twitter) platform, revealing that Sui and Mantle had experienced the highest growth in Daily Active Users (DAUs) over the last three months.

The SUI network witnessed an impressive 3503% increase in its DAUs during this period, while Mantle saw a 518% growth.

Celo, Arbitrum, and Blast completed the top five rankings, with 3-month DAU growth of 414%, 157%, and 107%, respectively.

The Open Network (TON) came sixth on the rankings with a growth of 97%. However, TON's network growth is seen to have declined in the last three months, considering that it boasts a 6-month DAU growth of 1,346%.

The Ethereum layer-2 network Base also made the list, ranking behind TON with a 3-month DAU growth of 78.6%.

Near, Tron, and Polygon completed the top 10 list, ranking behind Base with a 3-month DAU growth of 37.9%, 31.2%, and 30.6%, respectively.

MultiversX and Fantom were the only other networks in the green and experienced significant growth in the past three months.

Interestingly, the top networks by market cap, including Bitcoin, Ethereum, BNB Chain, Solana, and Cardano, all witnessed declines in their Daily Active Users in the last three months.

BNB Chain experienced the most decline among these foremost networks, with a -28.6 % growth in its Daily Active Users.

A Bullish Metric For All Of Crypto

Irrespective of where these blockchains are ranked, this metric paints a bullish picture for the broader crypto ecosystem. Coutts noted a 20% increase in the total Daily Active Users on these networks combined, rising to 12.8 million users during this period. The analyst further highlighted how this user acquisition could positively affect the price of the network's native token.

Meanwhile, Coutts projects that crypto networks could boast a total of 20 million Daily Active Users by year-end. This is again bullish, as these new users could bring new money into the crypto ecosystem, which would help drive prices up.

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