The most important metric for measuring crypto's adoption is active users.
Here are three smart contracts that hit strong user growth in the past few months π
Protocol #1
Hyperliquid: Deposit
![](https://www.0xtrends.com/content/images/2024/01/chart--61-.png)
Chain: Arbitrum
Hyperliquid is a perpetual exchange running on a Cosmos chain.
This contract is used to bridge USDC to the exchange from Arbitrum.
ββWhat's next?
Hyperliquid has tried to differentiate from other perp exchanges like dYdX by supporting more long-tail meme assets like dogwifhat and bonk.
However, most of their recent usage is driven by airdrop farming. In December they hit a new all-time high in derivatives volume ($10B), and they're on track to pass that figure in January.
Protocol #2
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