This week’s onchain data didn’t arrive with loud announcements, yet the numbers quietly sketched a different picture of the market’s internal dynamics.
Beneath the familiar rankings, one network picked up unexpected speed while others showed signs of cooling.
An activity snapshot from Nansen shows a week of mixed momentum across major networks.
While Solana continues to tower above everyone else in sheer throughput, the real storyline comes from a chain that wasn’t even close to the top a year ago.
Solana once again processed an enormous volume of transactions—well above 400 million for the week.
Even though this represents a slight dip, the scale remains unmatched, and the network continues to pull in impressive numbers of active users.
Its dominance in raw performance still feels firmly intact.
BNB Chain, typically the second most active environment, had a noticeably weaker week.
Activity within its DeFi and gaming segments appears to be slowing, reflected in a more pronounced decline in total transactions as well as a sharp drop in fee revenue.
Base, however, flipped the script entirely.
Coinbase’s Layer-2 network posted the strongest growth among all tracked chains, jumping to roughly 102 million transactions.
That surge, nearly a 20% increase in a single week, pushed Base solidly into the third position.
The boost seems to come from a blend of rising social-app usage, speculative memecoin traffic, and heavy stablecoin flows settling on the Layer-2.
If Base keeps expanding at this pace, it could become one of the most important networks to watch as 2025 winds down.
Tron also continued its steady upward climb, passing the 73 million-transaction mark.
Its strength remains closely tied to its dominant role in USDT transfers, particularly in rapidly growing emerging markets where stablecoins function as everyday money.
Fee markets told a fractured story this week: Polygon and Stellar generated higher revenues, while BNB Chain saw its fees fall by more than 30%, underscoring the slowdown in user activity.
Taken together, the data suggests a market where Solana remains the clear performance powerhouse, yet Base is emerging as the ecosystem with the fastest acceleration.
With only a few months left in 2025, it may be the chain whose trajectory matters most.

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