What are the most popular Blockchain Ecosystems?
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 stories. Solana ecosystem’s dominant mindshare has been fueled by Solana’s continued rally back to 2021 highs, along with the strong performance of key ecosystem project tokens like Pyth and native meme coins like dogwifhat.
Meanwhile, the Ethereum ecosystem captured 12.7% of investor interest, ranking it as the second most popular blockchain ecosystem in 2024. This is probably because Ethereum is already well established as an ecosystem and known to investors, such that it is no longer considered. a new, trending crypto-narrative. At the same time, attention to the Ethereum ecosystem is increasingly distributed across the layer 2 ecosystems built 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 continued to capture mindshare on the back of BNB’s price rally near its record high.
Investor interest in other Tier 1 ecosystems
Two layer 1 blockchain ecosystems now trail behind BNB chain in popularity, with the Cosmos ecosystem accounting for 4.5% of investor interest and the Avalanche ecosystem accounting for 3.9% YTD.
For the Cosmos ecosystem, recent successful airdrops from Celestia and Dymension have helped drive greater mindshare towards Cosmos Hub’s interchain thesis. Chains built on the Cosmos SDK have also managed to rank among the most popular blockchain ecosystems, namely the Sei ecosystem and Injective ecosystem.
While mindshare for the Avalanche ecosystem has been fueled by native meme coins like Coq Inu and its potential to lead crypto gaming, as demonstrated by its partnership to bring MapleStory on-chain.
Among the Move programming language blockchains, the Sui ecosystem is more popular with 2.1% of investor interest, which is four times the Aptos ecosystem’s 0.5% mindshare.
The TON ecosystem accounts for 1.9% of the ecosystem narrative interest and is the 11th most popular, benefiting from Toncoin’s association with the widely used messaging app Telegram. Other popular tier 1 ecosystems include Cardano (1.3%) and Polkadot (1.1%), while Fantom, PulseChain and Hedera tied for mindshare around 0.5%.
Overall, the 20 most popular blockchain ecosystems represent a combined 97.4% of investor interest in chain-specific narratives. The remaining 2.6% of the interest is spread across 38 more blockchain ecosystems, including the Near Protocol ecosystem that just missed the top 20 ranking.
Most Popular Layer 2 Ecosystems
The arbitrum ecosystem and base ecosystem emerged as the most popular among Ethereum layer 2s, capturing 3.3% and 3.2% of investor interest in chain-specific stories YTD, respectively. The Arbitrum ecosystem’s mindshare is likely contributed by Arbitrum being the largest tier 2 in terms of total value locked (TVL), while the popularity of Base ecosystem has been driven by its affiliation with crypto exchange Coinbase and native meme coin activity.
The Polygoon ecosystem (2.0% share of investor interest), zkSync ecosystem (1.3%) and Metis ecosystem (0.9%) also captured significant, albeit smaller, mindshare.
As such, only five Ethereum layer 2 ecosystems managed to rank among the top 20 most popular. The layer 2 ecosystems that have received relatively less attention so far this year include Optimism, Blast and Starknet, which ranked just outside the top 20.
In total, all Ethereum layer 2s account for 11.9% of investor interest in blockchain ecosystems YTD. This is comparable to the main Ethereum ecosystem’s 12.7% share of investor interest, perhaps indicating that scaling solutions make as much sense as Ethereum itself.
Top 20 Most Popular Blockchain Ecosystems
Out of 58 blockchain ecosystems, the 20 most popular blockchain ecosystems by their share of investor interest in 2024 to date are as follows:
Rank
Blockchain Ecosystem
Market share
1 49.29% 2 etreum 12.73% 3 BNB Smart Chain 5.38% 4 Cosmos 4.51% 5 Avalanche 3.89% 6 Arbitrum 3.32% 7 Base 3.23% 8 SEE 2.16% 9 Self 2.05% Z 101% Z 1.31% 13 Cardano 1.29% 14 Polkadot 1.08% 15 Metis 0.88% 16 Fantom 0.53% 17 Injectable 0.50% 18 PulseChain 0.49% 19 Aptos 0.45% 20 Ivy 0.45% – Other 2.64
Methodology
The study examined interest in blockchain ecosystems based on CoinGecko’s non-bottled global web traffic, from January 1 to March 18, 2024.
If you use these insights, we would appreciate a link credit to this article on CoinGecko. A link credit allows us to continue to provide you with data-driven content that you may find useful.
Curious to find out more about our past research studies and statistics? Check out this one we did last year on the most popular crypto stories.
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Lim Yu Qian
Yuqian is a cryptocurrency writer and marketer who specializes in mainstream cryptocurrency insights. She is particularly fascinated by the philosophical and socio-economic aspects of crypto and also goes by the name of Q. She holds a Bachelor of Social Sciences with Honors from the National University of Singapore. Follow the author on Twitter @solosbrqt
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