Wednesday, November 20, 2024

Onchain Crypto Customers Grew By File 62M in 2023: Report

Ethereum led with 15M acquired customers, whereas Solana picked up 5.6M, in keeping with Flipside Crypto.

A brand new report from Flipside Crypto, an onchain analytics platform, reveals that 2023 was probably the most profitable 12 months up to now for crypto when it comes to attracting customers, with 62.1M acquired customers.

Acquired Users by Year (all chains)
Acquired Customers by Yr (all chains)

Ethereum led with 15.4M acquired customers. Polygon adopted with 15.2M, and Bitcoin got here in third with 10.7M. Solana, which noticed a resurgence in 2023, positioned fifth among the many eight blockchains within the examine with 5.6M. The Layer 1 blockchain acquired over 45% of its new customers within the months of Might and December.

2023 Acquired Users by Chain & Month chart
2023 Acquired Customers by Chain & Month

Flipside defines an acquired person as a blockchain tackle which initiated its second transaction in 2023.

Measuring a blockchain’s person depend has historically been tough. It’s because a single person can management limitless addresses, making it arduous to lock down a precise determine. Many crypto members have been identified to spin up tens of wallets with a view to maximize potential returns from airdrops.

Flipside discovered that 86.9% of Ethereum Digital Machine (EVM) customers caught to 1 platform in 2023. The EVM is an execution surroundings for blockchains that began with Ethereum however was adopted on Layer 2s like Arbitrum and Optimism, in addition to Layer 1s like Avalanche.

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

Trying ahead, Flipside predicts that, like builders, customers will be taught to make use of a number of chains if a crypto bull run reemerges.

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