While major cryptocurrency networks struggle with stagnant activity amid bearish market conditions, enterprise-focused blockchain XDC Network has posted near-doubling growth in active users over the past month, according to fresh on-chain data.
The hybrid Layer-1 blockchain recorded a 94.5% increase in monthly active addresses during the past 30 days, placing it second among the fastest-growing blockchain networks tracked by analytics firm Token Terminal. The surge brought XDC's monthly active user count to 34,600 wallets, marking a sharp contrast to declining engagement on established networks like Ethereum and Bitcoin, which both saw roughly 1% drops in the same period.
The expansion comes as XDC integrates major stablecoin infrastructure and onboards decentralized finance projects targeting real-world use cases, suggesting utility-driven blockchains are finding traction even as speculative trading volumes collapse across the broader crypto market.
What Happened
XDC Network's monthly active addresses climbed from approximately 17,800 to 34,600 over a 30-day measurement window ending in late November 2025, representing growth that outpaced most established Layer-1 competitors. Only Flow Blockchain exceeded XDC's percentage gains during the period, according to Token Terminal's rankings.
The user surge coincided with two major ecosystem developments. Universal basic income protocol GoodDollar brought 15,000 new participants to XDC Network while generating over 123,000 transactions in recent weeks, creating sustained on-chain activity from users accessing compliant remittance and tokenized asset tools. The protocol's focus on financial inclusion has driven repeat engagement rather than one-time interactions.
Simultaneously, Circle launched its USDC stablecoin on XDC across four major cryptocurrency exchanges: Bybit, KuCoin, MEXC and Gate.io. The integration features zero-fee withdrawals and promotional deposit incentives designed to reduce friction for institutional users moving dollar-backed tokens across trading venues. Major exchanges have begun marketing campaigns around the cost-efficient stablecoin rails, addressing longstanding concerns about prohibitive transfer fees that have deterred enterprise adoption of blockchain settlement systems.
The growth spans multiple use cases including decentralized finance protocols, stablecoin transfers, and institutional pilot programs, rather than concentrating in a single application or speculative token. This breadth distinguishes XDC's expansion from activity spikes driven by temporary hype cycles that have characterized other blockchain networks.
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Why It Matters
Monthly active wallet addresses have become a critical metric for evaluating genuine blockchain usage, as the measurement proves difficult to artificially inflate compared to statistics like total value locked or raw transaction counts. Active addresses track unique wallets conducting repeated interactions over 30-day periods, capturing sustained engagement from developers, traders and institutions rather than bot activity or one-time events.
XDC's architecture targets enterprise and trade finance applications, featuring sub-second transaction finality and compliance with ISO 20022 messaging standards used in global banking systems. These technical specifications position the network for use cases insulated from retail market sentiment, including tokenized Treasury securities, cross-border payment settlement and supply chain asset tracking.
The 95% growth arrives as Bitcoin and Ethereum face declining activity, with market fear indices remaining depressed and bearish narratives dominating cryptocurrency discourse. While competitors Solana and Polygon recorded modest gains of 19.6% and 64.6% respectively, XDC's near-doubling of active users suggests demand is shifting toward blockchains offering cost efficiency, transaction speed and regulatory compatibility as a unified package.
Stablecoin infrastructure has emerged as particularly strategic, with dollar-backed tokens serving as the primary liquidity rails connecting cryptocurrency exchanges, decentralized finance platforms and traditional financial institutions. XDC's integration with USDC provides direct access to the second-largest stablecoin by market capitalization, enabling institutions to move dollar-denominated value across the network without the transaction fees that have historically made blockchain settlement uneconomical for many enterprise use cases.
Final Thoughts
The distinction between speculation-driven and utility-driven blockchain growth is sharpening during the current market downturn. Networks designed for real-world financial infrastructure are demonstrating resilience while general-purpose chains await improved market conditions to revive activity levels.
XDC's hybrid public-private architecture allows organizations to deploy blockchain applications while maintaining privacy controls required for regulated financial activities. This design choice, combined with the network's technical performance specifications, has attracted pilots from institutions exploring tokenized assets and payment automation without the compliance uncertainties that surround fully permissionless blockchain systems.
As cryptocurrency infrastructure matures beyond its speculative origins, the competitive dynamics among Layer-1 blockchains are shifting toward consistent performance metrics. Transaction costs, settlement speeds and regulatory compatibility now determine which networks capture institutional adoption, particularly for the tokenized real-world assets and stablecoin systems reshaping how value moves through global financial markets.
XDC's trajectory during a challenging market environment suggests specialized blockchain networks solving specific infrastructure problems may establish stronger footing than general-purpose platforms betting on broader adoption cycles. Whether this utility-focused growth translates to sustained market position will depend on how quickly traditional finance institutions commit to blockchain-based settlement systems and whether competing networks can match the cost and compliance advantages driving current adoption patterns.
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