According to TechFlow, on October 8, CryptoSlate reported that the latest report of ETC Group showed that despite the competition from Solana and Aptos, Ethereum still maintained a 45% market share. In the third quarter, Solana led the cross-chain bridge fund flow with a net inflow of US$1 billion, but is facing challenges from Aptos' growth momentum. The ETC Group report pointed out that Aptos' performance is 23% higher than the average of other first-layer blockchains.
The Comprehensive Network Dominance Index (CNDI) shows that Ethereum accounts for 45%, Solana accounts for 35%, and Aptos accounts for 20%. Despite Ethereum’s underperformance, largely due to market pressures such as the Dencun upgrade in March 2024 and the unwinding of the yen carry trade in August, it has shown resilience and continued ecosystem expansion. Solana and Aptos have experienced significant network growth, with both daily active addresses and transaction volume showing quarterly increases. Aptos’ outperformance, largely driven by the Tapos Cat Game, highlights its importance in the GameFi space and its ability to process large volumes of transactions at a lower cost.
