With 2024 coming to a detailed, CoinGecko has launched its roundup of the preferred blockchain ecosystems of 2024.
Measuring site visitors and investor curiosity, Solana got here in robust on the prime of the checklist, adopted by Base, Ethereum, and TON, respectively.
Solana and Base Alone Maintain 56% of Blockchain Ecosystems’ World Visitors Share
Measuring the worldwide site visitors shares of the highest 20 blockchain ecosystems, Solana reveals outstanding efficiency, taking over a powerful 38.79% of complete site visitors shares. Coming in on the second spot, Base had 16.81%, bringing their shares to a complete of practically 56% as of November 11.
It is very important be aware that in CoinGecko’s research, solely ecosystems with actively listed cash and a non-zero proportion share of site visitors had been included.
CoinGecko’s findings reveal that Solana held the highest blockchain ranks from Q1 2024 by way of 12 months’s finish. A significant component in Solana’s recognition is renewed curiosity in meme cash. Many customers favor Solana for its velocity, reliability, and low fuel charges.
Base additionally benefited from elevated meme coin buying and selling. Nonetheless, whereas Solana noticed a ten% lower in investor curiosity from Q1 to This autumn, Base skilled a fivefold improve. Regardless of this shift, Base retained its second-place rating in world site visitors shares.
In the meantime, the Ethereum ecosystem dropped to 3rd place in recognition, now holding a ten.8% share of investor curiosity. For the reason that first quarter, Ethereum’s site visitors shares have fallen by 1.9%. This decline seemingly stems from Ethereum’s well-established platform standing, making it much less of a trending subject for buyers.
Curiosity in Ethereum additionally spreads throughout the layer 2 networks constructed on prime of it, dividing investor focus amongst them.
Altogether, the highest 20 blockchain ranks accounted for 97% of investor curiosity, with the remaining 3% unfold throughout 47 different blockchains.
The Position of Meme Cash in Driving Visitors
A part of Solana’s success is as a result of virality of Pump.enjoyable, a Solana-based meme coin launchpad. From January to October 2024, the platform was answerable for launching over 2.5 million SOL tokens. As of November 14, it issued 3.26 million meme cash.
As depicted on Dune, Pump.enjoyable’s every day income has soared, with roughly $2.8 million on the time of writing.
“Your utility projects are getting out performed by meme coins. Ethereum is getting out performed by Solana. Bitcoin is out performing the entire market. Be realistic and you’ll win this cycle. Trade the trends and narratives,” mentioned one crypto influencer on X.
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