By 2024, Solana has taken the world by storm, captivating 49.3% of global investors with its cutting-edge blockchain ecosystem.
After meticulously analyzing internet requests from January 1st to March 18th, CoinGecko uncovered a fascinating trend: nearly half of all investors are fixated on Solana. And it’s no wonder, with SOL’s skyrocketing growth in 2021 and the emergence of innovative ecosystem projects like Pyth. Plus, let’s not forget the irresistible appeal of meme tokens like Dogwifhat (WIF).
“Surpassing its competitors, Ethereum confidently secured the coveted second spot in the rankings with a remarkable 12.7% score. While experts credit its strong brand recognition and reputation for this achievement, a closer look reveals a new trend emerging. Investors are now turning their gaze towards the innovative second-layer networks thriving within Ethereum’s ecosystem.”
Breaking records and taking the crypto world by storm, the Binance-backed BNB Chain has secured third place with a remarkable 5.4% growth. But that’s not all – the real excitement lies in the soaring success of SOL, which has experts buzzing with its remarkable climb towards record levels.
“Amidst the ever-growing world of blockchain technology, two networks have emerged as the top contenders for investors’ attention: Arbitrum and Base. These two layer-2 ecosystems, both built on the Ethereum blockchain, have captured the hearts of investors, with 3.3% and 3.2% of interest respectively.
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According to experts at CoinGecko, the driving force behind this surge in investor interest is the impressive volume of locked value within the segment, with Arbitrum leading the pack. And hot on its heels is Base, backed by none other than the largest American crypto exchange, Coinbase.”
Revolutionizing the world of blockchain, on March 13th, the highly anticipated Dencun hard fork was activated by Ethereum developers on the mainnet. With the implementation of the groundbreaking EIP-4844, layer-2 networks based on Ethereum saw a dramatic decrease in transaction fees.
One project, in particular, reaped the most rewards from this update – Base. In just one day, their daily transaction volume skyrocketed by five times as network fees were slashed.