Ronin and ZKsync’s Onchain Metrics Fell the Most in 2025
Onchain activity declined across most major blockchains over the past year, with 11 networks seeing drops in active addresses. Ronin posted the largest decline at 70%, while Bitcoin fell 7.2%. Ethereum mainnet bucked the trend, with active addresses up 25% and transactions rising over 20%. In contrast, Ethereum layer-2s such as ZKsync, Scroll, and Arbitrum generally saw decreased activity after airdrop incentives cooled, though Base and Optimism posted gains. Solana led the industry in active addresses and saw a 66% increase despite a price drop, while BNB Chain’s active addresses rose 159%. Blockchain usage surges were often short-lived and tied to hyped applications or airdrops, for example with Ronin’s Pixels game and TON’s Hamster Kombat, leading to rapid declines after peak periods. These fluctuations often reflected shifting user interest and incentive cycles rather than fundamental network failures. Some blockchains like Solana, BNB Chain, and Base demonstrated more sustained engagement beyond hype-driven spikes, while others reverted quickly as short-term drivers faded. No clear correlation existed between onchain activity and token prices.
