Data: The on-chain activity of multiple networks has sharply declined this year, with the number of active addresses on Ronin decreasing by 70%

According to Cointelegraph, on-chain activity across several major networks has sharply declined, with the number of active addresses on 11 blockchains decreasing over the past year. Among them, Ronin saw the largest drop at 70%, while Bitcoin fell by 7.2%, and several Ethereum Layer 2 networks also made the list.

The report also stated that the number of active addresses on Ethereum's base layer increased by 25%, with trading volume rising by over 20%. However, as activities related to airdrops have cooled down, the usage of several Ethereum Layer 2 networks has declined, with ZKsync experiencing the most significant drop in trading volume at 90%.