Ecosystem Chart Book July 2023

Across the major ecosystems, there has been a modest uptick in activity, primarily in stablecoins and credential protocols, over the last month. Optimism, while still lagging competitors like Arbitrum One in many aspects, has attracted most of the growth on percentage terms over the last month following its Bedrock upgrade, which lowered standard transaction costs for users.

Evident in the growth data over the last month is the rise of more consumer-led use cases such as credentials, wallets, and stablecoin usage. Low-cost chains like Solana, Optimism, Polygon, and more are attracting the most growth as the low transaction cost facilitates products with high-volume, low-value transactions.

Let’s break down the details of the top movers in the smart contract chain space.

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Source: Messari Major Ecosystem Screener