Summary
According to a report from Flipside Crypto, 2023 saw a record number of new users in the crypto space, with a total of 62.1 million acquired users. Ethereum led the way with 15.4 million acquired users, followed closely by Polygon with 15.2 million and Bitcoin with 10.7 million. Solana, which experienced a resurgence in 2023, acquired 5.6 million users and ranked fifth among the eight blockchains studied. Flipside also found that 86.9% of Ethereum Virtual Machine (EVM) users remained loyal to one platform throughout the year, while a report from Electric Capital indicated that developers are increasingly using multiple blockchains for their projects. Looking ahead, Flipside predicts that users may also start using multiple chains if there is another crypto bull run.
Key Points
1. Ethereum led with 15.4 million acquired users, followed by Polygon with 15.2 million and Bitcoin with 10.7 million.
2. Solana, which experienced a resurgence in 2023, ranked fifth among the eight blockchains studied, acquiring 5.6 million new users. The majority of Solana’s new users were acquired in the months of May and December.
3. Flipside Crypto defines an acquired user as a blockchain address that initiated its second transaction in 2023. The report also found that 86.9% of Ethereum Virtual Machine (EVM) users remained on one platform throughout the year, indicating a strong user loyalty to Ethereum.