The Flipside's Onchain Users Report focused on the growth and challenges of EVM chains in 2025. In October, newly acquired users reached a record 19.4 million, with Base being the leader contributing 13.7 million users. Ethereum experienced consistent user growth, with an average of 1.56 million new users monthly. Bitcoin usership remained relatively flat despite reaching the $100k milestone. Base had the most superusers with 15.1 million wallets executing 100+ transactions, while Ethereum had 10.7 million superusers. Uniswap captured 91.3% of DEX activity on Base and increased its share on Ethereum. LFJ retained its lead on Avalanche. The report emphasizes the challenge of building ecosystems that create meaningful engagement rather than just speculation.



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