Matchain ranks fifth in unique active wallets across all blockchains on the week
Matchain Overview - February 26, 2025
Welcome to the Matchain Overview. A one-stop-shop for the Matchain community to get up to speed on the network’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place.
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Matchain by the numbers
Network’s daily transactions: 2.21M (-10.52%)
Network’s total transactions: 342.35M (+14.29%)
Total number of wallets: 25.79M (+6.39%)
Active Accounts: 1.61M (+270.83%)
The metrics are accurate at the time of publication. The percentage change is over a 14-day period.
Exploring the chain
🔥What we’re watching: Over the past seven days, Matchain ranked as the second largest layer-2 blockchain and fifth largest network by total unique active wallets at 3.71 million, according to DappRadar data.
🔥Why it matters: Matchain’s growth metrics show strong traction for projects building on top of its ecosystem. Its dApp ecosystem covers a broad range of topics like AI, gaming and e-commerce, showing the broad range of capabilities L2s can tap into.
These dApps, especially in the gaming sector, have contributed to the network's recent growth. The popular mini-app "LOL," which has a simple Telegram onboarding feature, has amassed 3.57 million unique active wallets just in the past 7 days. In turn, Matchain can manage a high volume of daily transactions and users.
Although unique active wallets don't always equate to unique users, the ability to manage even 1 million wallet addresses can signal that Matchain, at a network level, is able to process a large amount of transactions at low costs. LOL and other games like World of Dypians, which has generally increased by UAW since March 2024, are cultivating a community in the ecosystem rather than just temporary interest.
The network has also managed to balance this scalability with security by leveraging the OP Stack's infrastructure as a proverbial backbone. This helps to secure the network and all dApps within the ecosystem, so even if the UAW goes higher, it can handle the load. Furthermore, the platform is also integrated with BNB Smart Chain as its “Data Availability” layer, leading to cross-chain capabilities such as Matchain driving 20% of Dmail's cross-chain traffic in early December.
This hybrid architecture allows Matchain to reduce transaction costs, while maintaining high throughput, making it attractive to developers and users alike.
🔥The bigger picture: While unique active wallets can show traction on a chain, it’s not the only category to monitor. Matchain has also continued to develop its decentralized identity infrastructure and AI capabilities to create new use cases where users maintain sovereignty over their digital identities and data. This approach can address challenges in data ownership, while helping developers to build more personalized and secure applications with AI.
Also through strategic partnerships like the PSG Joint Innovation Studio, Matchain can expand its reach beyond its current user base and introduce mainstream audiences to blockchain-based identity solutions. Matchain's focus on cross-chain functionality and AI integration can help bridge traditional systems to web3, transforming how people interact with their data and privacy.
Highlighting the Matchain Ecosystem
Matchain’s migration to BNB Chain has led to over 314M transactions with an average of 2M per day
Learn about its partnership with Olivia Network to bring AI trading tools to Matchain
MatchQuest is migrating to its own platform to add connection for MatchID
Matchain won the “Fastest Growing Project” award at a KOL Capital event
Watch a clip of Matchain CMO Anastasia Drinevskaya moderating a panel with on IoT and connectivity networks at NFT Paris
Check out the Matchain blog for more updates.
Join in the fun
Want to dive deeper into the Matchain ecosystem?
Join MatchQuest’s platform to save progress and for future airdrop opportunities
Set up a MatchID for cross-chain identity verification
Participate in Matchain’s Galxe Quest to earn rewards
Submit your project to become part of the Match Hub
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.