Solana captures the attention of almost half of investors, says CoinGecko
Solana dominates global investor interest in blockchain ecosystems, accounting for nearly half of all interest, according to data analyzed by experts from CoinGecko. The surge in interest in Solana is driven by the growth of SOL and the success of ecosystem projects like Pyth. Additionally, meme tokens like Dogwifhat (WIF) have also contributed to Solana’s popularity.
Ethereum takes second place in the ranking with a 12.7% share of investor interest. Experts believe that Ethereum’s brand awareness and reputation play a significant role in its favor. However, there is a noticeable shift in investor attention towards second-layer networks built on Ethereum.
BNB Chain, supported by Binance, secures the third spot with a 5.4% share of investor interest. The growth of BNB is the main driver of this interest. CoinGecko experts note that SOL has reached record levels.
Among layer-2 network ecosystems, Arbitrum and Base are the most popular choices for investors, with 3.3% and 3.2% of investor interest, respectively. Both of these networks are built on the Ethereum blockchain. CoinGecko experts attribute investor interest to Arbitrum’s leadership in terms of locked value volume, while Base benefits from being associated with the largest American crypto exchange, Coinbase.
On March 13, Ethereum developers implemented the Dencun hard fork on the mainnet. One of the main components of this update, called EIP-4844, significantly reduced fees in layer-2 networks based on Ethereum.
Base was one of the projects that benefited the most from Dencun. As network fees dropped, the daily transaction volume on the Base blockchain increased approximately fivefold.
In summary, Solana is currently the most sought-after blockchain ecosystem among global investors, followed by Ethereum, BNB Chain, Arbitrum, and Base. The implementation of the Dencun update has led to a significant reduction in fees and increased investor interest in layer-2 networks.
