USDC Stablecoin in the Financial Landscape

USDC stablecoin continues to play an important role in the financial landscape, experiencing consistent growth that enables multiple users to settle payments and token transfers. Active USDC addresses have been on the rise as users leverage various blockchains to interact with the stablecoin and access financial products.

Top Blockchains by Active USDC Users

Crypto analyst CryptoRank.io recently shared data ranking the top blockchains with the highest number of active USDC addresses over the past month.

1. Polygon

Polygon, a layer-2 scaling solution for Ethereum, emerged as the leading blockchain with 2.7 million active USDC addresses in the last 30 days, accounting for over 30% of total addresses. This underscores Polygon’s status as the primary platform for USDC transfers.

2. Solana

Solana ranked second with 2.2 million active USDC addresses. Despite being a leader in stablecoin transactions, it holds the second position, reflecting its continuing influence and ability to attract users, particularly in the meme coin segment.

3. Base

Base, an L2 solution on Ethereum, secured third place with 1 million active USDC addresses. Its efficiency and scalability are appealing to users, contributing to its growing presence in the stablecoin market.

4. Ethereum

Ethereum had 888,000 active USDC addresses, making it fourth on the list. High transaction fees and network congestion lead many USDC users to favor other, faster networks.

5. Arbitrum

Arbitrum, another L2 solution on Ethereum, holds fifth place with 608,000 active USDC addresses, benefitting from the popularity of layer-2 networks offering lower fees.

Others

Other notable blockchains include:
– BNB Chain: 463,000 active USDC addresses (6th)
– Optimism: 184,800 active USDC addresses (7th)
– Avalanche: 92,300 active USDC addresses (8th)
– Celo: 7,300 active USDC addresses
– Tron: 1,400 active USDC addresses

These figures highlight the growing adoption of USDC across various platforms, illustrating the dynamic stablecoin marketplace.