Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin Macro Trend Oscillator shows when you can expect the price pin

2025-05-19

Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

2025-05-19

Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

    2025-05-19

    Authorities claim that scammers have stolen $ 265,000,000 in crypto to buy exotic cars, private security and other luxury

    2025-05-19

    SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

    2025-05-19

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18
  • Analysis

    BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

    2025-05-19

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»NFT»Flipside reports that cryptocurrency users are booming, especially with the NFT focus in 2023
NFT

Flipside reports that cryptocurrency users are booming, especially with the NFT focus in 2023

2024-01-24No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The recent report from blockchain analysts Flipside reveals a comprehensive picture of the fluctuating crypto world in 2023, characterized by significant user growth and evolving trends.

According to the report, May 2023 witnessed a spike in the number of acquired users, with over 8.8 million accounts active across multiple chains. This synchronized growth trajectory across most chains suggests that broader market sentiments continue to drive cryptocurrency adoption.

An important observation is the activity of super users, defined as wallets with more than 100 transactions. These users mainly engaged in DeFi-related transactions rather than NFTs. However, a trend reversal is visible on L1 networks such as Ethereum (ETH), where sales of NFTs have been more common, indicating a shift in NFT investments towards more cost-effective L2 networks.

Users acquired per chain and month |  Source: Flipside

Users acquired per chain and month | Source: Flipside

Flipside also reported that 2023 marked the rise of new DEXs and NFT marketplaces, but user activity remained concentrated on a few leading platforms such as Uniswap and OpenSea.

This concentration, driven by network effects such as asset liquidity, underlines the relative immaturity of the crypto market compared to traditional financial markets. Super users also showed different preferences for secondary and tertiary DEXs, with a notable tendency towards selling NFTs.

You might also like: Coinbase introduces the creation of AI-generated NFTs

EVM users primarily interacted with a single chain, with a notable 86.9% sticking to one network. However, a significant segment explored multiple L2s, especially between Polygon and other EVM-compatible layers, indicating growing comfort with cross-chain interactions.

The report expects the next bull run to be driven by various defi activity, challenging existing L2s to reduce costs and improve user experiences. This competition is expected to drive EVM adoption. The emergence of new chains that address specific user needs is likely, leading to more specialized ecosystems and use cases.

See also  Curve crisis averted, NFT lending protocol now votes on next steps

Read more: Chainlink introduces price feed oracles on Polygon zkEVM

Source link

Booming Cryptocurrency Flipside focus NFT Reports Users
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

2025-05-19

‘Maplestory N’ touches avalanche, Solana’s ‘Nyan Heroes’

2025-05-18

The most popular collections of the moment on blockchain

2025-05-18

Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

2025-05-17
Add A Comment

Comments are closed.

Top Posts

Chainlink (LINK) Price Prediction 2024 2025 2026 2027

2024-03-29

Mastercard works on blockchain to connect Tradfi and Crypto: report

2025-04-02

Bitcoin Price Could Rise to $178,000 If History Repeats Itself – Here’s Why

2024-12-21
Editors Picks

Why Solana could go back to $127 despite another milestone

2024-10-08

The Grayscale Bitcoin ETF is currently the ‘problem child’ of the crypto market… Here’s why.

2024-01-26

Footprint Analytics and Chainplay are forging a data-driven coalition in Web3 Gaming

2023-10-30

AI provides the fourth industrial revolution

2025-03-17

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin Macro Trend Oscillator shows when you can expect the price pin

Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

Sec -retreats decision on Bitwise, 21Shares Solana ETF applications, Opens Public Consultation

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,520.571.36%
  • ethereumEthereum(ETH)$2,542.924.47%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.400.30%
  • binancecoinBNB(BNB)$650.841.05%
  • solanaSolana(SOL)$169.650.88%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2279351.30%
  • cardanoCardano(ADA)$0.750.44%
  • tronTRON(TRX)$0.2665341.28%
  • suiSui(SUI)$3.892.07%
  • chainlinkChainlink(LINK)$16.053.98%
  • avalanche-2Avalanche(AVAX)$22.460.28%
  • stellarStellar(XLM)$0.2874770.03%
  • hyperliquidHyperliquid(HYPE)$26.710.94%
  • shiba-inuShiba Inu(SHIB)$0.0000150.53%
  • hedera-hashgraphHedera(HBAR)$0.1955630.67%
  • unus-sed-leoUNUS SED LEO(LEO)$8.70-0.19%
  • bitcoin-cashBitcoin Cash(BCH)$396.64-0.75%
  • the-open-networkToncoin(TON)$3.04-1.27%
  • litecoinLitecoin(LTC)$99.100.11%
  • polkadotPolkadot(DOT)$4.64-0.02%
  • moneroMonero(XMR)$344.710.98%
  • bitget-tokenBitget Token(BGB)$5.241.29%
  • pepePepe(PEPE)$0.0000131.44%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.74-0.23%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$259.3216.25%
  • uniswapUniswap(UNI)$6.001.90%
  • bittensorBittensor(TAO)$416.040.06%
  • nearNEAR Protocol(NEAR)$2.812.13%
  • aptosAptos(APT)$5.233.34%
  • okbOKB(OKB)$52.37-0.68%
  • ondo-financeOndo(ONDO)$0.940.89%
  • kaspaKaspa(KAS)$0.108471-0.99%
  • ethereum-classicEthereum Classic(ETC)$18.632.44%
  • internet-computerInternet Computer(ICP)$5.261.52%
  • gatechain-tokenGateToken(GT)$21.57-0.23%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.910.15%
  • crypto-com-chainCronos(CRO)$0.096952-0.75%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.235210-0.41%
  • mantleMantle(MNT)$0.73-0.91%
  • vechainVeChain(VET)$0.0284270.83%
  • render-tokenRender(RENDER)$4.641.63%
  • ethenaEthena(ENA)$0.3764790.13%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • algorandAlgorand(ALGO)$0.2238500.93%
  • filecoinFilecoin(FIL)$2.881.83%
  • arbitrumArbitrum(ARB)$0.3937753.20%
  • bitcoinBitcoin(BTC)$106,520.571.36%
  • ethereumEthereum(ETH)$2,542.924.47%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.400.30%
  • binancecoinBNB(BNB)$650.841.05%
  • solanaSolana(SOL)$169.650.88%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2279351.30%
  • cardanoCardano(ADA)$0.750.44%
  • tronTRON(TRX)$0.2665341.28%
  • suiSui(SUI)$3.892.07%
  • chainlinkChainlink(LINK)$16.053.98%
  • avalanche-2Avalanche(AVAX)$22.460.28%
  • stellarStellar(XLM)$0.2874770.03%
  • hyperliquidHyperliquid(HYPE)$26.710.94%
  • shiba-inuShiba Inu(SHIB)$0.0000150.53%
  • hedera-hashgraphHedera(HBAR)$0.1955630.67%
  • unus-sed-leoUNUS SED LEO(LEO)$8.70-0.19%
  • bitcoin-cashBitcoin Cash(BCH)$396.64-0.75%
  • the-open-networkToncoin(TON)$3.04-1.27%
  • litecoinLitecoin(LTC)$99.100.11%
  • polkadotPolkadot(DOT)$4.64-0.02%
  • moneroMonero(XMR)$344.710.98%
  • bitget-tokenBitget Token(BGB)$5.241.29%
  • pepePepe(PEPE)$0.0000131.44%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.74-0.23%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • aaveAave(AAVE)$259.3216.25%
  • uniswapUniswap(UNI)$6.001.90%
  • bittensorBittensor(TAO)$416.040.06%
  • nearNEAR Protocol(NEAR)$2.812.13%
  • aptosAptos(APT)$5.233.34%
  • okbOKB(OKB)$52.37-0.68%
  • ondo-financeOndo(ONDO)$0.940.89%
  • kaspaKaspa(KAS)$0.108471-0.99%
  • ethereum-classicEthereum Classic(ETC)$18.632.44%
  • internet-computerInternet Computer(ICP)$5.261.52%
  • gatechain-tokenGateToken(GT)$21.57-0.23%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.910.15%
  • crypto-com-chainCronos(CRO)$0.096952-0.75%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.235210-0.41%
  • mantleMantle(MNT)$0.73-0.91%
  • vechainVeChain(VET)$0.0284270.83%
  • render-tokenRender(RENDER)$4.641.63%
  • ethenaEthena(ENA)$0.3764790.13%
  • usd1World Liberty Financial USD(USD1)$1.00-0.05%
  • algorandAlgorand(ALGO)$0.2238500.93%
  • filecoinFilecoin(FIL)$2.881.83%
  • arbitrumArbitrum(ARB)$0.3937753.20%