Blockchain network activity showed mixed trends during the week of March 9 – March 15, 2026, with changes across TVL, fees, revenue, trading volume, stablecoin liquidity, active addresses, and transactions among the major chains including Ethereum, Solana, BSC, Base, Tron, and Bitcoin. The data highlights how liquidity flows, network usage, and trading activity evolved across ecosystems over the week.
Ethereum
Ethereum’s Total Value Locked (TVL) increased during the week, rising from $53.75B on March 9 to $56.64B by March 15. Chain fees fluctuated through the week, peaking at 504,900 on March 12, before declining toward 211,114 by March 15. Revenue followed a similar pattern alongside network usage. Trading metrics showed strong activity. Perpetuals volume remained above $1.5B during the week, while the Ethereum token market cap increased from $234.13B to $240.57B. Stablecoin liquidity also expanded slightly, moving from $160.58B to $161.32B. Network usage showed variability. Active addresses peaked at 834,454 on March 12, while transactions ranged between 2.24M and 1.76M, declining toward the end of the week.
Key Metrics
- TVL: $53.75B – $56.64B
- Chain Fees: 315,803 – 211,114
- Chain Revenue: 40,776 – lower levels by week end
- Perps Volume: ~$1.5B+ range
- Token Market Cap: $234.13B – $240.57B
- Stablecoins Market Cap: $160.58B – $161.32B
- Active Addresses: 690,747 – 561,586
- Transactions: 2.11M – 1.76M
Solana
Solana saw strong growth in TVL, increasing from $6.39B to $7.01B over the week. Chain fees remained high, ranging between 670,102 and 601,926, while revenue stayed relatively stable around 65K. DEX trading activity remained significant. DEX volume moved from $2.35B at the beginning of the week to $2.17B by March 15, while perpetual futures volume declined from $1.02B to $562.9M. The SOL token market cap increased from $46.64B to $50.30B, while stablecoin capitalization rose slightly from $15.42B to $15.69B. However, user activity decreased slightly with active addresses falling from 2.4M to 1.94M, and transactions declining from 91.6M to 87.79M.
Key Metrics
- TVL: $6.39B – $7.01B
- Chain Fees: 670,102 – 601,926
- Chain Revenue: 65,048 – 65,380
- DEX Volume: $2.35B – $2.17B
- Perps Volume: $1.02B – $562.96M
- Token Market Cap: $46.64B – $50.30B
- Stablecoins Market Cap: $15.42B – $15.69B
- Active Addresses: 2.4M – 1.94M
- Transactions: 91.6M – 87.79M
BSC Chain
BNB Chain showed relatively stable TVL growth, increasing slightly from $5.75B to $5.81B. Chain fees rose significantly during the week, reaching 755,309 by March 15, with revenue following the same increase. DEX trading declined slightly from $1.05B to $944.37M, while perpetual trading volume decreased from $276.7M to $262.07M. Application revenue increased from 557,207 to 819,883, suggesting stronger ecosystem activity. Stablecoin capitalization remained steady near $13.7B, while active addresses declined slightly from 2.61M to 2.52M. Transactions decreased from 14.63M to 13.88M.
Key Metrics
- TVL: $5.75B – $5.81B
- Chain Fees: 277,306 – 755,309
- Chain Revenue: 27,731 – 75,531
- DEX Volume: $1.05B – $944.37M
- Perps Volume: $276.7M – $262.07M
- App Revenue: 557,207 – 819,883
- Stablecoins Market Cap: $13.74B – $13.73B
- Active Addresses: 2.61M – 2.52M
- Transactions: 14.63M – 13.88M
Base
Base experienced steady growth in TVL, increasing from $3.93B to $4.17B. Chain fees and revenue declined slightly during the week, falling from 99,654 to 87,919. Trading activity also declined. DEX volume dropped from $1.02B to $548.96M, while perpetuals volume decreased from $611.15M to $410.97M. Stablecoin capitalization remained relatively stable near $4.7B. User activity declined with active addresses dropping from 443,861 to 392,342, while transactions decreased from 9.72M to 8.17M.
Key Metrics
- TVL: $3.93B – $4.17B
- Chain Fees: 99,654 – 87,919
- Chain Revenue: 99,403 – 87,704
- DEX Volume: $1.02B – $548.96M
- Perps Volume: $611.15M – $410.97M
- Stablecoins Market Cap: $4.78B – $4.75B
- Active Addresses: 443,861 – 392,342
- Transactions: 9.72M – 8.17M
Tron
Tron’s TVL declined slightly from $4.05B to $3.99B during the week. Chain fees and revenue also decreased from $1.01M to 762,110. Trading activity slowed considerably. DEX volume fell from $76.72M to $29.51M, while perpetuals volume declined from $97.79M to $53.22M. However, TRON’s token market cap increased from $27.38B to $28.24B, and stablecoin liquidity remained extremely high near $86.8B. User activity declined modestly with active addresses dropping from 3.3M to 2.91M and transactions falling from 11.44M to 10.23M.
Key Metrics
- TVL: $4.05B – $3.99B
- Chain Fees: $1.01M – 762,110
- Chain Revenue: $1.01M – 762,110
- DEX Volume: $76.72M – $29.51M
- Perps Volume: $97.79M – $53.22M
- Token Market Cap: $27.38B – $28.24B
- Stablecoins Market Cap: $86.74B – $86.84B
- Active Addresses: 3.3M – 2.91M
- Transactions: 11.44M – 10.23M
Bitcoin
Bitcoin’s TVL saw a notable decline during the week, dropping from $4.33B to $2.95B. Chain fees also decreased from 174,111 to 143,319, reflecting lower network demand. DEX-related activity and derivatives trading also weakened. DEX volume fell from 620,499 to 470,590, while perpetuals volume decreased from $17.17M to $12.29M. Despite these declines, Bitcoin’s token market capitalization increased from $1.322T to $1.425T. Active addresses declined from 627,803 to 534,462 during the same period.
Key Metrics
- TVL: $4.33B – $2.95B
- Chain Fees: 174,111 – 143,319
- DEX Volume: 620,499 – 470,590
- Perps Volume: $17.17M – $12.29M
- Token Market Cap: $1.322T – $1.425T
- Active Addresses: 627,803 – 534,462
The week showed diverging trends across major blockchain networks:
- Ethereum and Solana saw TVL growth
- Base and Tron experienced declining trading activity
- BSC maintained stable liquidity with rising ecosystem revenue
- Bitcoin saw a drop in TVL but continued growth in market capitalization
These changes highlight ongoing shifts in liquidity flows, trading demand, and user engagement across the multi-chain ecosystem.
Weekly On-Chain Comparison (Mar 02–08 vs Mar 09–15)
| Metric | Mar 02–08 | Mar 09–15 | Weekly Trend |
|---|---|---|---|
| TVL | Relatively stable with minor fluctuations | Slight increase toward the end of the week | Moderate growth |
| Chain Fees | Lower average fee generation | Higher spikes during mid-week | Increased |
| Chain Revenue | Consistent but limited growth | Improved alongside higher fee activity | Upward |
| Perps Volume | Moderate derivatives activity | Higher trading bursts mid-week | Increased activity |
| Token Market Cap | Slight fluctuations | Gradual increase through the week | Mild recovery |
| Stablecoin Market Cap | Mostly stable | Slight increase | Stable to slightly positive |
| Active Addresses | Moderate user participation | Noticeable increase on several days | Higher engagement |
| Transactions | Steady transaction counts | Slightly higher daily averages | Activity increase |
- Network activity improved in the Mar 09–15 period, with higher transactions and active addresses.
- Fee generation and revenue increased, suggesting stronger user interaction and DeFi activity.
- TVL and token market capitalization showed mild recovery, indicating improved liquidity and capital inflow.
- Derivatives (perps) trading activity also increased, contributing to higher overall on-chain economic activity.
The second week (Mar 09–15) showed stronger network engagement and higher economic activity compared with Mar 02–08, signaling a short-term improvement in on-chain momentum, for a detailed look at the previous week’s blockchain activity ( March 02 – 08).
