Solana and Base Lead as Most Popular Blockchain Ecosystems – CoinGecko
According to a CoinGecko analysis, Solana has become the most popular blockchain ecosystem in 2024, attracting 38.79% of worldwide investor interest.
Solana has emerged as the most popular blockchain ecosystem in 2024, capturing 38.79% of global investor interest, according to a report by CoinGecko.
The project continues its top ranking from Q1, although its share of investor interest dipped by 10.5 percentage points over the year according to the popular cryptocurrency data aggregator.
Solana’s strong performance is linked to its speed, reliability, and low gas fees, which have made it a favorite for traders, especially those involved in memecoin speculation.
The blockchain rallied to its 2021 levels earlier this year, supported by the success of native tokens and meme coins. A key driver of its growth has been Pump.fun, a Solana-based memecoin launchpad that gained traction by issuing over 3.26 million memecoins by November 2024.
Solana still maintains its popularity in the crypto ecosystem, currently trading at $242.59 and outperforming other blockchains by a significant margin.
Base Ecosystem Rises to Second Place
Coinbase’s Base ecosystem, a Layer 2 solution, has seen a surge in popularity, capturing 16.81% of investor interest this year. This shows a ×5 increase from Q1, propelling Base from seventh to second place.
Similarly, like Solana, Base has benefited from the growing interest in memecoin trading, which has brought increased traffic. on the chain. The ecosystem’s ability to provide scalability and cost efficiency has also made it a preferred market for memecoin traders.
Ethereum Ecosystem Falls to Third Place
The Ethereum ecosystem, has experienced a slight decline in investor interest according to the report. Its share fell by 1.9 percentage points since Q1, leaving it with 10.76% of global interest and a third place rank.
Ethereum’s decline is due to its maturity as a blockchain, making it less of a trending narrative for new investors.
TON and Sui Ecosystems Gain Momentum
The TON and Sui ecosystems have experienced significant growth in 2024, moving past more prominent blockchains like BNB Smart Chain, Cosmos, and Avalanche.
TON now holds 6.2% of global investor interest, marking a 4.3 percentage point increase since Q1 driven by the numerous memecoins that have been launched on the blockchain through Telegram mini apps. Sui also reached 4.83% after a 2.7 percentage point rise.
Bitcoin, Tron Enter the Top 20
Other notable ecosystems include that of Bitcoin and Tron which both saw a combined 2.09% interest.
Bitcoin saw its share grow from 0.01% to 1.07%, largely due to the hype surrounding the recently concluded presidential election that Trump won and the promise of a national Bitcoin reserve upon his inauguration. Tron ecosystem also improved its standings, capturing about 1.02% of investor interest.
