Matchain tops L2s by unique wallets with ‘LOL’ leading dApps
Matchain Overview - May 7, 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: 3.42M (-14.5%)
Network’s total transactions: 554.68M (+10.03%)
Total number of wallets: 30.02M (+3.16%)
Active Accounts: 2.45M (-22.47%)
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: Matchain ranks as the top layer-2 blockchain by unique active wallets (UAW) with 8.54 million wallets, up 20.3% in the past month, according to DappRadar. The network also saw its transactions increase to 69.17 million, up 55% in the same period.
🔥Why it matters: Matchain's growth in user activity shows how blockchains can increase adoption through social engagement rather than financial transactions. Notably, the network saw 4 million unique wallets interact with Matchain decentralized applications (dApp) on April 29.
With social applications like LOL, Matchain is building a large user base with a different approach than many other chains that rely on DeFi or gaming market share.
LOL ranks as the top dApp by UAW in all categories, across all networks, according to DappRadar. The social dApp is driving over 90% of all user activity on Matchain, with 8.36 million wallets and 68.31 million transactions, in the past month.
As a Telegram mini app, LOL looks to create an experience that are designed to be familiar to most, as all interactions happen through a chat interface. Users are able to send voice recordings of their laughter in a Telegram group, and with this, AI determines a user's happiness and decides whether to distribute LOL token rewards.
The social dApp’s strategy allows Matchain to attract users and process millions of transactions without directly competing with other chains in saturated markets like DeFi and gaming. This allows Matchain to capture a large share of a market that may be neglected.
Additionally, this approach aims to make blockchain more accessible to mainstream users who may be unfamiliar with complex financial concepts or the underlying technologies.
With a lowered barrier to entry and simple user experiences, consumer dApps like LOL are capturing a significant amount of users.
🔥The bigger picture: Matchain's approach suggests that social applications could serve as a simple entry point to crypto and blockchain for many users. By focusing first on user experience and social features, Matchain is building a foundation for users that can help to introduce them to other projects in the ecosystem.
Matchain's increased activity and expansions can also attract more builders and users to the network through its infrastructure for AI and decentralized identity. For instance, the integrations with Aethir for decentralized computing and Ankr for enhanced dev tools can lead to more innovative dApps in other areas like AI, gaming and DeFi.
The network currently has 27 dApps, and will look to expand its offerings as it pushes forward with MatchID adoption as well as the MAT token generation event planned for the future.
Highlighting the Matchain Ecosystem
Learn more about Matchain Genesis license sale to earn MAT rewards from staking pools, dApp usage and transaction fees
Watch the new MatchOnChain podcast with Head of PSG Labs Pär Helgosson and Matchain CEO Petrix Barbosa to explore decentralized identity in soccer
Matchain ranks top 10 in most viewed chain pages in 2025 on Dappradar
ICYMI: Matchain has been live on X Space…
Tune into Matchain's X Space to learn about how it leverages Blockscout's infrastructure to provide transaction visibility and analytics
Listen to Matchain's recent AMA with Olivia Network discussing infrastructure, identity solutions, and upcoming roadmap
Check out MatchID's X Space discussion on "Why Decentralized Identity Will Change the Web3 Game"
Check out the Matchain blog for more updates.
Join in the fun
Want to dive deeper into the Matchain ecosystem?
Tune in to Matchain's X Space for a MAT token deep dive on May 7 at 11:00 AM EST
Join Overmatch on Google Play to participate in their first competitive event with crypto rewards
Going to Consensus 2025? Join Matchain CEO for a keynote on the “Path of Data Wealth Redistribution Using DIDs”
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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.