Solana is Leading Interest in Chain-Specific Narratives

The Solana ecosystem has emerged as the most popular blockchain ecosystem so far this year, accounting for 49.3% of global crypto investor interest in chain-specific narratives. Solana ecosystem’s dominant mindshare has been fueled by Solana’s continued rally back to 2021 highs, alongside the strong performance of key ecosystem project tokens such as Pyth and native meme coins such as dogwifhat.

Meanwhile, the Ethereum ecosystem has captured 12.7% of investor interest, ranking it as the second most popular blockchain ecosystem in 2024. This is likely because Ethereum is already well-established as an ecosystem and familiar to investors, such that it is no longer considered a new, trending crypto narrative. At the same time, attention towards the Ethereum ecosystem is increasingly dispersed across the layer 2 ecosystems building on top of it.

The third most popular blockchain ecosystem is crypto exchange Binance’s BNB Smart Chain ecosystem, which holds a 5.4% share of investor interest year to date (YTD). As with the Solana ecosystem, the BNB Chain ecosystem has continued to capture mindshare on the back of BNB’s price rallying near to its all-time high.

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