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    Report says the number of on-chain cryptocurrency users increased by a record 62 million in 2023

    danygeemarketingBy danygeemarketingFebruary 10, 2024No Comments2 Mins Read

    Ethereum leads with 15 million customers, whereas Solana added 5.6 million customers, based on Flipside Crypto.

    A brand new report from on-chain analytics platform Flipside Crypto reveals that 2023 was the cryptocurrency’s most profitable 12 months but by way of attracting customers, gaining 62.1 million customers.

    Users acquired by year (all chains)
    Customers acquired by 12 months (all chains)

    Ethereum leads the way in which with 15.4 million new customers. Polygon adopted with 15.2 million, and Bitcoin got here in third with 10.7 million. Solana recovered in 2023, rating fifth among the many eight blockchains studied with 5.6 million blocks. Layer 1 blockchains gained over 45% of recent customers in Could and December.

    New users of each chain in 2023 and monthly charts
    Variety of new customers by chain and month in 2023

    Flipside defines the acquired consumer because the blockchain deal with that initiated the second transaction in 2023.

    Measuring the variety of customers of a blockchain has historically been troublesome. It’s because a single consumer can management a vast variety of addresses, making it troublesome to lock down a precise quantity. Many cryptocurrency gamers are recognized to launch dozens of wallets to maximise potential returns from airdrops.

    Flipside discovered that 86.9% of Ethereum Digital Machine (EVM) customers caught with one platform in 2023. EVM is a blockchain execution surroundings that began with Ethereum however is adopted on layer 2s like Arbitrum and Optimism and layer 1s like Avalanche.

    This contrasts with developments in a report from enterprise capital agency Electrical Capital, which discovered that builders are more and more pushing their code throughout a number of blockchains.

    Wanting forward, Flipside predicts that if the cryptocurrency bull market returns, customers will be taught to make use of a number of chains similar to builders.

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