In 2024, Solana dominates the global investor interest in blockchain ecosystems, accounting for 49.3% according to experts at CoinGecko. Analyzing data on Internet searches from January 1 to March 18, it was revealed that almost half of investors are fascinated by Solana. This leadership position is driven by SOL’s surge to new heights since 2021, the progress of ecosystem projects like Pyth, and the popularity of meme tokens such as Dogwifhat (WIF).
CoinGecko’s report also highlighted Ethereum taking the second spot in the ranking with 12.7%, emphasizing the role of brand recognition and reputation in favor of the ecosystem. However, there is a noticeable shift in investor attention towards second-layer networks built on Ethereum.
Coming in third was BNB Chain supported by Binance with 5.4% interest, mainly attributed to BNB’s remarkable growth. CoinGecko experts noted that SOL is approaching record levels.
Arbitrum and Base emerged as the top layer-2 network ecosystems among investors, capturing 3.3% and 3.2% of interest respectively. Both are Ethereum blockchain-based systems. The experts at CoinGecko stated that investor interest is driven by the volume of locked value in the segment for Arbitrum and the backing of the largest American crypto exchange, Coinbase, for Base.
On March 13, Ethereum developers successfully implemented the Dencun hard fork on the mainnet. With the introduction of EIP-4844, network fees in layer-2 networks based on Ethereum saw a significant reduction, benefiting projects like Base tremendously. Daily transaction volumes on the blockchain surged by approximately fivefold as a result of the lower fees.
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