Q1 adoption of HEX was a great start to 2026: 11.3k new addresses interacted with HEX, an increase from Q4 last year.
That said, there were slightly fewer active addresses overall, at 35k in Q1.
When we look at active addresses on their respective chains, we get an interesting picture. On Ethereum, there is a pickup in active users, while on PulseChain there is a decrease — the gap between them is closing. Across different metrics, we’ve already observed that the two versions of HEX are converging again. In Q1, Ethereum had 13.8k active users (addresses), while PulseChain decreased to 24.8k. The gap is getting smaller.
Thanks to this adoption, we’re now accounting for 537k unique addresses that have ever interacted with HEX. This does not count the millions of addresses that received a 1 HEX airdrop, since they never interacted with the HEX contract and only received the token.
Restaking Ratios and Staking Start-to-End Ratios for HEX are rising in Q1.
Restaking ratios rose to 33% on Pulsechain and 17% on Ethereum, while staking start-to-end ratios rose to 0.62 on Pulsechain and 0.26 on Ethereum.