Celo, a blockchain network, recorded the highest 30-day tokenholder growth among all layer-1 and layer-2 chains, according to on-chain data. The metric tracks the number of unique addresses holding the network's native token over a one-month period.
What the numbers show
The data, which compares major L1 and L2 networks, places Celo ahead of other prominent blockchains in terms of new tokenholder acquisition. While the exact figures were not disclosed, the ranking indicates a significant increase in the number of addresses holding Celo's native asset. Tokenholder growth is often seen as a proxy for network adoption and user interest.
Why tokenholder growth matters
For blockchain networks, a rising number of tokenholders can signal growing confidence in the project's long-term viability. It also suggests that more users are willing to hold the token rather than trade it quickly. This metric is closely watched by investors and developers alike, as it can correlate with network activity and liquidity.
Celo's position in the competitive landscape
Celo's achievement comes amid a crowded field of L1 and L2 solutions, many of which have been vying for user attention. The network's growth rate outpaced all others over the 30-day window, according to the data. The ranking is based on a snapshot of unique tokenholder counts at the start and end of the period.
The analytics platform behind the data is expected to release its next monthly report in the coming weeks, which will show whether Celo can sustain its lead.
