Unichain, Berachain, and Iota lead blockchain growth in active users

Unichain and Berachain, which debuted last month, led blockchain growth over the past month, followed by Iota.

According to Nansen, Unichain, Berachain, and Iota were the fastest-growing chains in the past 30 days, recording significant increases in both active addresses and transactions.

Unichain, Uniswap’s (UNI) newly launched Ethereum layer-2 network, recorded a 21,713% increase in active addresses and a 350% increase in transactions over the last month. This surge could be attributed to Uniswap waiving all interface fees for swaps upon launch. Additionally, the network boasts fast, one-second block confirmation times.

Berachain (BERA), which also debuted only last month, emerged as the second-fastest blockchain, with 453% increase in active addresses and 421% increase in transactions. This is likely due to Berachain boasting $0.0006 fee per transaction, which is 99% cheaper than Ethereum (even at Ethereum’s lowest fee of $1) and 40-94% cheaper than Solana (SOL).

Iota’s (IOTA) active addresses rose by 126%, while transactions increased by 138%. This is likely primarily to a large decrease in average transaction fees, which have dipped significantly in the middle and then the end of Feb, according to Explorer. In the last week or so, the average transaction fees hovered at around $0.0009 -and $ 0.0010.