Ronin and ZKsync Experience Significant Decline in Onchain Metrics in 2025

Decline in Onchain Activity: Major blockchains experienced significant drops in active addresses and transaction volumes, with Ronin seeing a 70% decline and Bitcoin a 7.2% decrease, while Ethereum's base layer showed growth amidst ongoing debates about its roadmap.

Impact of Airdrops and Games: The decline in activity for several Ethereum layer-2 networks was linked to cooling interest in airdrops, while Ronin's reliance on the game Pixels highlighted how network activity can fluctuate based on popular applications.

Contrasting Performance of Networks: Despite overall declines, networks like Solana and BNB Chain managed to retain user engagement and activity levels beyond initial hype, showcasing resilience compared to others that saw sharper reversals.

Short-term Trends vs. Long-term Viability: The data suggests that while onchain activity can shift rapidly due to trends and incentives, it does not necessarily indicate systemic issues for the networks, as some chains have shown the ability to maintain user engagement post-hype.