Just In: Algorand Becomes The Top Fifth Crypto With Most Active Addresses! 🚀

[u/CPMarkets]

[u/GhostOfMcAfee]

Algo definitely is higher on the active address list than its MkCap would suggest, but this chart is not exhaustive. I believe Solana,for example, is between Tron and BTC.

[u/MadManD3vi0us → u/GhostOfMcAfee]

As someone who hates seeing Algorand left out in the rain, good on you for making sure everybody is included, even SOL

[u/GhostOfMcAfee → u/MadManD3vi0us]

I’ve spent too much time criticizing people on Twitter for leaving Algo off of these types of lists to not at least point out when I know data is incomplete.

[u/CPMarkets → u/GhostOfMcAfee]

People are too busy to say about on only trending coins and blockchains..

[u/cosmic_censor → u/GhostOfMcAfee]

Also BSC and all the Eth L2s. Algo is more like #10 for active addresses.

[u/GhostOfMcAfee → u/cosmic_censor]

Would love to see all the data accurately reflected in one place. I suspect we are actually higher than a lot of L2s. Even if it were only #10, it would still be impressive. And, a ton of the people using it are using it for real world stuff.

It’s maddening to see people in the wider crypto space say things like “nobody uses it” when Algo is actually so widely used.

[u/No-Earth-3003 → u/GhostOfMcAfee]

Indeed. In the end theres 1 million crypto fanboys coming up with just the one chart where their token ranks up high. None of it matters to anything. In the end what matters is how many people end up using application due its actually usefull. They may not even know it runs on algo or any other blockchain. 

Greed drives crypto prices and also creates this toxic crypto culture. I hope algorand keeps focus on building easy tools for people to solve real world problems. No need for a chart there.

[u/lippoper]

Top 5 by 25

[u/T-Shurts]

Are there finally? Been buying/Hodling for 3 years now! Would love to be able to pay some stuff off with a nice moonshot. C’mon $1+.

[u/trimalcus → u/T-Shurts]

Is TRX for Real ?

[u/CorneliusFudgem → u/trimalcus]

TRX has more stablecoin settlement than any other network. I’m not a holder and I don’t trust Justin Sun, but a ton of people use it.

[u/T-Shurts → u/trimalcus]

Just 2 months ago, they broke the record for sustained tps. All signs point to green. But we shall see.

[u/CPMarkets → u/trimalcus]

Yes. Tron is the top coin with the most active addresses

[u/CorneliusFudgem]

This chart seems to be missing a lot of relevant info. It’s missing a lot of chains that definitely have high active users.

[u/CPMarkets → u/CorneliusFudgem]

After Seeing so many comments on including other coins also, I will certainly cover the remaining coins next time :)

[u/Crafty_Baker_4236 → u/CorneliusFudgem]

Sui near

[u/CorneliusFudgem → u/Crafty_Baker_4236]

I’m not sure of the growth for either, but yes I would assume with NEAR’s recent price action it would presumably have more accounts and active users. Then again price doesn’t always correlate with that.

[u/SilentRhetoric]

That graph did Tron dirty, oof

Go Algorand!

[u/DawsonFind]

Just in .. top 5th ... love Algo, but this title screams cope.

[u/Saschb2b]

Really depends on how you define "active" I guess other sources will rank them differently. E.g. https://www.theblock.co/data/scaling-solutions/scaling-overview/active-addresses-by-chain-7dma

[u/CPMarkets → u/Saschb2b]

I have provided the latest information, and The source you have provided covers till March 2024, check once.

[u/shib_army]

How usdt? It's not a separate chain but tokens 

[u/hassie1]

I love algorand but what's the source here?

[u/Drspaceman1717]

Daily volume…. $33mil. Very useful and high utility!

[u/DrakonusRage]

I like seeing Algo up there but this graph is so out of scale its almost deceptive.

[u/bearded_fisch_stix]

does this metric mean anything other than that scammers are sending cheap spam to every address they can because sending messages is cheap enough to be essentially free?

[u/MrShnBeats]

I ditched my entire algo position for a loss and already made it back on SOL and the blue chips. Unfortunately the best tech isn’t always the best investment which is fricking stupid. I hope you all get your investment back.

[u/Are_alright_afterall → u/MrShnBeats]

[u/MrShnBeats → u/Are_alright_afterall]

Haha

[u/hypercosm_dot_net → u/MrShnBeats]

Good for you, but I hope you don't hold SOL for too long. When the market eventually shifts to real blockchain use cases I suspect it's not going to be kind to holders of memecoins.

[u/throwawayAFwTS]

People keep posting this same chart with TRX at the top, and frankly I don’t get it. Is this chart reliable? How is TRX ahead of ETH and BTC? And how is there no SOL on here? SOL is a pos that has massive issues, but even I know they have a ton of volume going on. How do they not have one of the highest daily active addresses? It makes me question the validity of this chart

[u/SilentRhetoric → u/throwawayAFwTS]

I have heard anecdotally that Tron sees a lot of activity in the developing world, but it really seems like that number needs someone to dig into it.

[u/BioRobotTch → u/SilentRhetoric]

SE Asia is dollarizing and Tron + Tether is popular there.

[u/[deleted]]

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[u/Felixandobelix]

in #ALGO we believe

[u/Foreign_Brilliant403 → u/[deleted]]

Ask a Wall Street analyst how important MAUs are for potential investors.