The previous week held some pivotal developments for both transaction volume and transaction counts across numerous chains . From April 27 to May 3, 2025, transaction activity in Fractal Bitcoin exploded. And while we can’t quite say the same for chains like Polygon and Arbitrum (which experienced some declines), hey — at least we have Base, Sui, and BNB Chain holding it down for us. Oh, and speaking of holding it down, doesn’t that sound like something the number one chain (by transaction count and volume this week) right after BTC, Fractal Bitcoin, would do? Indeed. Top Chains by Transaction Count: Fractal Bitcoin Surges, Polygon and Arbitrum Decline Pacing itself in transaction count, Fractal Bitcoin saw a 106.4 million transaction blockbuster week, a record 89.12% week-over-week uptick that translated to over 200% growth in transaction processing. This not only put Fractal Bitcoin back on the top title as most transacted upon, but it signed off as a clear message that this platform is seeing the kind of user adoption that translates to actual growth in the transaction space. Following closely behind Fractal Bitcoin, Base completed a credible 51.2 million transactions this week, good for a solid 6.12% increase over the previous week’s total. While it didn’t match Fractal Bitcoin’s explosive growth, Base continued to show strong, steady progress, affirming its status as one of the top blockchains in transaction activity. The modest growth seen by the Sui Network can be interpreted as an even more stable sign for this blockchain than for newer projects apparently experiencing growth bursts. The network did accumulate almost a million extra transactions this past week, which seems to suggest a good enough growth signal if you’re an Sui enthusiast. On the other hand, a few projects that have been around for longer than Sui, like Tron and BNB Chain, also added a few extra million extra transactions this past week. Although these two are significant figures, the leaders are doing even better. Polygon and Arbitrum faced downturns in activity counts, but not as bad as Solana’s. My guess is that Solana’s recent news is fueling this narrative, which was already somewhat established. As I’ve previously stated, my interpretation is that if users are leaving Solana, they are largely going to Ethereum or Layer 2s like Arbitrum. I don’t see much evidence for them going to anywhere else. Transaction Volume in USD: Sui Network Continues to Lead, Ethereum Sees a Drop Sui Network took the crown when it came to transaction volume, amassing a staggering $38.8 billion in transaction volume, with a 1.80 percent increase from the previous week. The network’s clear dominance in that area, as well as its rising transaction volume, could be a signal that interest in its platform is sticking around, if not increasing, and that new developments or user adoption could be fueling a fire that’s keeping the platform in play. The second position saw a steep drop for Ethereum, which recorded $$18.6 billion in transaction volume, a 28.07% decline WoW. This downturn could be reflective of broader market dynamics or reduced activity on Ethereum as users migrate to newer or more specialized blockchains. Ethereum, despite this drop, remains one of the key players in the blockchain ecosystem, and such fluctuations may be temporary or periodic market cycles. The first position, the undisputed leader in the race, is occupied by the Bitcoin blockchain. Arbitrum experienced favorable movement in its transaction volume with $3 billion processed during the week, this being an increase of 6.23% from previous volumes. Arbitrum, a tournament-structure scaling solution for Ethereum, has always been a better solution for moving money around. Some speculate that it receiving more transactions than usual may be due to the imminent ETH staking unlock, which we expect could free around $16 billion of collateral for users. This is definitely something to keep an eye on. Other chains like the BNB Chain, Base, Tron, Polygon, and Optimism all suffered sharp declines in transaction volumes. The BNB chain saw its transaction volume tumble to $2 billion, a 53.61% WoW drop, while Base and Tron saw their volumes dive by 13.17% and 25.02%, respectively. Optimism had a 32.85% decrease in transaction volume, while Polygon’s volume took a 46.05% hit. Top 8 Chains by Total Txn & Txn Vol. (Apr 27-May 3) 1/2 @fractal_bitcoin surged to 106.4M transactions (+89.12% WoW), doubling its activity to take the top spot. @base follows with 51.2M (+6.12% WoW), while @SuiNetwork holds steady at 41.9M (+0.14% WoW). @trondao … pic.twitter.com/xwnebzCtQZ — OKX Explorer (@okxexplorer) May 6, 2025 Shifting Blockchain Trends: Fractal Bitcoin’s Dominance and Sui Network’s Stability Examining these trends makes it clear that blockchain activity is becoming richly diversified, with different platforms experiencing distinct growth arcs based on user preferences and network enhancements. Bitcoin’s astonishing surge in transaction counts seems to suggest that strong user demand for its services exists; if Fractal Bitcoin really has that strong user base, it’s likely due either to its unique value proposition or to recent, tantalizing updates to the network. Meanwhile, Sui Network, our next stop on the world tour of dWeb possibilities, is enjoying a moment of something close to transaction volume supremacy. If you want large-scale blockchain operations, it looks like Sui is the place to be. While other blockchain networks such as Polygon and Arbitrum have seen their transaction activity drop, it is essential to remember that blockchain ecosystems are dynamic and often recover quickly from downturns. In what is never a static marketplace, the current data indicate that blockchain projects must consistently invent and reinvent themselves, most often by means of network upgrades, if they are to have any hope of holding onto or significantly enlarging their user bases. So far, Fractal Bitcoin and Sui Network seem to be the top performers of the previous week, and it will be thrilling to see if the trend holds or if other chains will step up to take them on. Disclosure: This is not trading or investment advice. 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