Which EVM Chains Are Dominating On-Chain Activity? Latest Data Shows Surprising Winners

The latest blockchain activity metrics reveal a dramatic shift in how EVM chains are performing. According to recent on-chain data, several protocols are experiencing explosive growth, while established players continue to consolidate their market position. The competition among EVM chains for transaction throughput and user adoption is intensifying like never before.

Active Users Surge: IOTA Leads the Pack

When it comes to attracting new participants, IOTA Network stands out with a remarkable 123% spike in active addresses over the past week. This explosive growth suggests the network is capturing significant investor attention and developer interest.

Hyperliquid follows as the second most dynamic EVM chain, recording a 35% increase in active wallet addresses. The protocol’s derivatives trading momentum, particularly around HYPE token’s price movement, has driven substantial capital inflows. HYPE currently trades at $26.18, reflecting ongoing market interest in decentralized derivatives infrastructure.

The Sei Network rounds out the top three, posting a 22% rise in active addresses. This steady growth across multiple EVM chains indicates a diversification of user activity rather than concentration in a single protocol.

Transaction Volume Battle: BNB Chain Maintains Dominance

While user growth tells one story, transaction throughput reveals another dimension entirely. BNB Chain continues to lead the EVM ecosystem with a commanding 49% increase in transaction volume week-over-week. The network’s combination of low fees, rapid settlement, and developer-friendly infrastructure keeps it as the go-to chain for high-volume trading activity.

Sonic Labs secured the second position with a 13% transaction volume increase, demonstrating solid momentum in the emerging layer-1 space. The protocol is successfully attracting active traders and DApp users looking for alternatives to established chains.

Scroll, operating as an Ethereum layer-2 solution, achieved an 11% transaction volume growth, validating its approach to scaling Ethereum while maintaining security inheritance.

What This Means for the EVM Landscape

The data from multiple chains illustrates the growing maturity of the EVM ecosystem beyond Ethereum. New entrants like IOTA and Scroll are proving that market niches exist for specialized solutions—whether through different consensus mechanisms, fee structures, or rollup technologies. Meanwhile, BNB Chain’s continued leadership in transaction volume underscores the importance of practical utility and user experience in blockchain adoption.

The competitive dynamics among EVM chains suggest we’re entering a phase where differentiation through performance metrics, cost efficiency, and specific use cases will determine long-term winners in the increasingly crowded blockchain landscape.