Helium Network Surpasses Ethereum, Toncoin, Arbitrum with 300,000 User Surge

The Helium Network has achieved a notable milestone by surpassing major blockchain platforms such as Ethereum, Toncoin, and Arbitrum in terms of daily active users. Recent on-chain data reveals that Helium now has over 1.16 million daily users, marking an increase of more than 300,000 users within a single week. This surge in user activity is closely tied to the expansion of Helium’s network of user-operated Hotspots, which are decentralized wireless coverage devices. These Hotspots reward participants with HNT tokens in exchange for data transfer, contributing to the network's growth. The total number of Hotspots has now reached nearly 100,000, with an increase of over 2,400 in the last seven days.

In addition to the rise in user numbers, the Helium Network processes over 36.7 terabytes of data daily, with a significant portion of this data usage occurring in the United States. This real-life application of data transfer highlights the practical utility of the Helium Network, which many cryptocurrency enterprises strive to achieve. The increased user activity has positioned Helium ahead of other large Layer 1 and Layer 2 blockchains in terms of daily usage. According to AIAdopt’s analysis, Helium’s growth, driven by daily active users, has outpaced the recorded daily active users of Ethereum, Toncoin, and Arbitrum. This shift indicates a growing preference among users for more viable decentralized infrastructure networks.

Helium’s expanding adoption is also reflected in the market performance of its native token, HNT. Over the past two weeks, HNT has experienced a price increase of over 32 percent, currently trading around $2.96. This price surge is gaining momentum during a broader crypto recovery and renewed investor confidence. Technically, HNT is approaching a critical breakout zone on the daily time frame analysis. The price is currently retesting the long-term declining trendline, with MACD indicators shifting into bullish territory. The MACD line has crossed above the signal line and zero, supported by green histograms. Analysts have identified $4.30 as the next critical resistance level to monitor.

With a current 24-hour trading price of approximately $14 million and a fully diluted value of roughly $669 million, HNT has the potential for further upward movement in the near future. Helium’s growth in both infrastructure and user base has enabled it to surpass Ethereum in daily activity. This development is fueling bullish momentum for HNT, which is now targeting higher price levels as adoption continues to expand.