Link to the full report is at the bottom of this article

N1 Presents the 2025 Crypto End-User Report. This survey offers valuable insights into how users engage with cryptocurrency, their investment behaviors, and overall sentiment. The crypto space has long prioritized developer reports, with standout studies like the renowned Electric Capital developer report. However, insights into end-user behavior and interests have been noticeably lacking.

We gathered over 250 responses from users across various crypto communities to analyze on-chain activity, assess current sentiment, explore investing behaviors, and more.

Below, we break down key findings from the survey, covering general user behavior, investment trends, blockchain usage, and engagement with on-chain applications.

General User Insights

Most respondents began interacting with crypto between 2020 and 2022, a period that saw a surge in adoption during the COVID-19 pandemic. Social media plays a crucial role in the space, with more than 60% of users actively engaging on Crypto Twitter (CT) and 80% preferring X/Twitter as their primary news source.

Crypto is also spreading through personal networks, as nearly 90% of users have recommended it to family members.

Investment Behavior

Nearly 60% of users primarily store assets in self-custody wallets, while over 40% rely on centralized exchanges. Security remains a major challenge, with over 40% of users experiencing a wallet hack or drain.

Blockchain Usage Trends

Despite high fees and scalability concerns, 80% of users still frequently use Ethereum Mainnet, alongside Ethereum Layer 2s. Solana remains a dominant blockchain as well, with over 80% of users engaging regularly and only 3% having never used it.

On-Chain App Engagement

On-chain gaming remains niche—50% of users rarely play, while 15% play frequently. Meanwhile, Pump.fun, a popular memecoin trading app on Solana, has seen mixed adoption, with around 30% of users reporting rare usage.

Conclusion

Crypto continues to evolve, and so do its users. This report gives us a snapshot of where the community stands. Respondents of this survey are active users across the following blockchains:

Aptos, Arbitrum, Avalanche, Base, Eclipse, Hyperliquid, Initia, Mantle, MegaETH, Monad, Movement, Optimism, Solana, Sonic, Starknet, Taiko, Story, SUI, and zkSync.

Full report can be found here.

About N1

N1 enables the next generation of crypto applications—apps that were previously impossible due to blockchain and compute constraints. It is the first blockchain designed specifically for high-throughput, low-latency applications, delivering a seamless and intuitive user experience.

N1 is the first decoupled settlement and execution layer. Its settlement layer is purpose-built to scale and support high-performance applications, while its ability to horizontally scale ensures that as more nodes join the network, its scalability continues to grow exponentially.