Just caught some interesting Nansen data on EVM chain activity from last week. A few networks really stood out with their growth metrics, and it's worth paying attention to what's driving these moves.

IOTA absolutely crushed it with a 123% spike in active addresses—that's insane growth for an EVM chain. Hyperliquid came in second at 35%, and honestly the HYPE token action makes sense here. The asset's been running hot, currently sitting around $41, which is pulling in serious capital and user engagement on that derivatives platform. Sei Network also showed solid momentum with 22% growth in active addresses, so there's definitely activity flowing into these smaller EVM chains.

On the transaction side, BNB Chain dominated with a 49% jump in volume. It's been their strategy all along—low fees, fast execution, and they've built out the infrastructure. Sonic Labs came next with 13% growth, and Scroll (the Ethereum Layer 2) rounded out the top three at 11% increase. Scroll's interesting because it's proving that L2 solutions can still compete for transaction volume even as other EVM chains push hard.

The pattern I'm seeing is that EVM chain adoption is spreading beyond just Ethereum. Different chains are winning in different ways—some pulling users through active address growth, others through pure transaction throughput. Worth monitoring which ones sustain this momentum.