Top 10 Cryptos by Network Growth This Week
Several cryptocurrencies have witnessed massive spikes in network growth over the past week, with Wrapped Ethereum (WETH), WhiteBIT (WBT), and Wrapped Bitcoin (WBTC) taking the lead, according to Santiment data.
Wrapped Ethereum saw a staggering 648% increase in new address creation, making it the top performer. WhiteBIT Token followed with 575%, while WBTC (on Optimism) jumped 402%, signaling rising interest in wrapped assets and cross-chain functionality.
Other strong performers included:
- BitDAO (BIT): +175%
- Uniswap on Polygon (UNI): +174%
- Virtuals (VIRTUAL): +120%
These gains indicate growing user demand for DeFi and ecosystem integration.
Layer 2 and DeFi Tokens See Increased Adoption
The presence of tokens like UNI, VIRTUAL, and BitDAO reflects a broader trend toward DeFi participation and network expansion across alternative chains like Optimism and Polygon.
Trailing the leaders were:
- Raydium (RAY) and Fasttoken (FTN): +100% each
- Maple Finance (SYRUP): +86%
- Render (RNDR): +84%
Despite price drops across most of these assets, the surge in network activity suggests foundational growth that may lead to higher valuations.
Network Growth as a Bullish Signal
Santiment highlights that consistent long-term network growth often precedes upward momentum in token price. These expansions in address activity hint at strengthening ecosystems and could push these assets up the market cap ranks in future cycles.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
