Cryptocurrency analysis company Santiment has shared the cryptocurrency projects that have seen the highest increase in terms of network growth (creation of new wallet addresses) in the last week.
According to the data, Wrapped Ethereum (WETH) topped the list with a 648% increase.
According to Santiment, increases in network growth, especially long-term ones, indicate that projects’ ecosystems are strengthening, which can contribute to their upward movement in the market cap rankings.
Here are the crypto assets that have seen the biggest increases in network growth over the last seven days:
Wrapped Ethereum (WETH): 648%
WhiteBIT Token (WBT): 575%
Wrapped Bitcoin (WBTC) [on Optimism network]: 402%
BitDAO (BIT): 175%
Uniswap [on Polygon network]: 174%
Virtuals (VIRTUAL): 120%
RAYDIUM: 100%
Fasttoken (FTN): 100%
Maple (SYRUP): 86%
Render: 84%
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RAY, one of the altcoins on the list, stands out as the smallest altcoin on the list with a market value of $543 million. Wrapped Ethereum (WETH), which is at the top of the list, is known as an altcoin whose price operates in a fixed manner to the ETH price.
*This is not investment advice.
