- IOTA EVM has seen a 126% rise in active addresses, bringing its total to 11,409.
- Unichain saw a massive 21,713% surge in active addresses, reaching 236,452, while the network’s transactions shot up to 350%, worth over 13.50 million.
Blockchain adoption is on a major shift with three Chains now in the spotlight — Unichain, Berachain, and IOTA EVM. According to a March 10th report by Nansen, Unichain saw a massive 21,713% surge in active addresses reaching 236,452 while the transactions on the network shot up to 350% worth over 13.50 million.
Apart from the active addresses and transactions dominance, the network’s DEX volume also climbed to $217.6K amid the growing user engagement and liquidity. The recent boom is also backed by the Chain’s focus on rapid transaction speed and affordability now being 95% cheaper than Ethereum.
Furthermore, Unichain’s mainnet has also pushed its growth even further, aiming to reduce the block time to 250ms — far faster than its current block time of 1 second. The Network has become a major player as 80+ apps and infrastructure providers have already started building on Unichain.
Berachain Active Addresses Surge 453%, TVL Tops $3 Billion
Following Unichain, Berachain secured the 2nd rank with active addresses seeing a 453% explosive surge. While analysing transactions, the network soared 421%, overcoming the past 30 million mark. Notably, the Berachain recently achieved the benchmark of $3.78 billion in DEX trading volume with an increase of 4.76%.
The Network is now in the spotlight as its Proof-of-Liquidity (PoL) consensus mechanism, setting it apart from traditional Proof-of-Work and Proof-of-Stake systems. Berachain’s Total Value Locked (TVL) recently topped $3 billion, overtaking both Base and Arbitrum. Meanwhile, fee collection on the network jumped 319% to $24.9K.
Berachain’s rapid expansion includes major integrations, such as Orderly’s omnichain order books. Its native token, BERA, currently trades at $6.04, with a market cap nearing $650 million. As institutional and retail investors turn their attention to alternative chains, Berachain’s DeFi-friendly model is positioning itself as a force to be reckoned with.
IOTA EVM Surges 126% in Active Addresses, While DEX Volume Drops 27%
Securing the third spot in the blockchain growth race, IOTA EVM has seen a 126% rise in active addresses, bringing its total to 11,409. Transaction numbers followed a similar upward trend, increasing by 138% to nearly 22 million. However, not all figures tell a bullish story.
Despite the rise in activity, DEX volume on IOTA EVM fell 27% to $138.3 million, while network fees plummeted 100%. These declines suggest a shift in user behavior, possibly toward new use cases beyond decentralized trading. Yet, the network remains a crucial player, thanks to its focus on scalability and real-time data integration.
IOTA’s ecosystem is evolving rapidly. It recently introduced the Rebased Testnet and integrated the Pyth Network for real-time financial data. To encourage developer participation, IOTA launched the MOVEATHON Hackathon, offering over $150,000 in prizes for blockchain-based solutions.
The Broader Market
The explosive growth of these three chains now leads the charge but other competitors like Ethereum also remain dominant with a modest 2.17% increase in active addresses with a total valuation of about 7.8 million. The transaction activity also rose 7.5% driven by ready but slow expansion.
On the other hand, other networks saw mixed performance with Stellar and Algorand marking small gains, while Tron and Aptos faced 0.8% and 91% decline, respectively. Meanwhile, Solana faced a slight dip in growth but maintained 12 million active addresses in its effort to remain on one of the top chains.
