Author: Lim Yu Qian, CoinGecko; Compiler: Deng Tong, Golden Finance

What is the most popular blockchain ecosystem?

The Solana ecosystem maintains its lead as the most popular blockchain ecosystem this year, accounting for 38.8% of global cryptocurrency investor interest in a specific chain narrative. The Solana ecosystem is off to a strong start to the year, with Solana rebounding to 2021 levels and key ecosystem project tokens and native meme coins also performing well. The popularity of the Solana ecosystem subsequently continued to grow as meme coin speculation revived, with traders preferring the chain's speed and low gas fees, further fueled by the viral popularity of meme coin generator Pump.fun a little.

While the Solana ecosystem’s top ranking was unchanged from Q1 when the study was first conducted, its investor interest share fell by 10.5 as other ecosystems stepped up their efforts to attract more attention. percentage points.

Note: Arrows indicate changes in rankings from the first quarter of 2024, when the study was first conducted. Source: coingecko.com/research

The next most popular blockchain ecosystem is cryptocurrency exchange Coinbase’s Base ecosystem, with investor interest as of 2024 at 16.8%. The underlying ecosystem has increased its share of investor interest more than 5x since Q1, lifting the ranking of Layer 2 ecosystems from seventh to second and surpassing the Layer 1 Ethereum ecosystem. This also means that the Base ecosystem is now attracting nine times more interest than the second most popular Layer 2 ecosystem, Arbitrum. Similar to the Solana ecosystem, the Base ecosystem narrative benefits from the chain becoming another favored marketplace for memecoin trading.

Meanwhile, the Ethereum ecosystem dropped one spot to become the third most popular blockchain ecosystem, accounting for 10.8% of investor interest. Compared to the first quarter, interest in the Ethereum ecosystem fell by 1.9 percentage points. This may be because Ethereum has become an established ecosystem and is familiar to investors, so it is no longer viewed as a new, trending cryptocurrency narrative. At the same time, attention on the Ethereum ecosystem is increasingly dispersed to the layer 2 ecosystem built on top of it.

Overall, the 20 most popular blockchain ecosystems represent 97.0% of investor interest in a specific blockchain. The remaining 3.0% of interest is spread across another 47in a blockchain ecosystem.

TON & Sui surpass more mature blockchain ecosystems

Other blockchain ecosystems that will become increasingly popular in 2024 are TON and Sui, ranking second only to the Ethereum ecosystem. The TON ecosystem currently accounts for 6.2% of global investor equity, an increase of 4.3 percentage points since the first quarter, while the Sui ecosystem’s investor equity share increased by 2.7 percentage points to 4.8%.

As a result, the budding TON and Sui ecosystems have surpassed the BNB Smart Chain, Cosmos and Avalanche ecosystems in ranking and market share. All 3 established blockchain ecosystems have seen a decline in market share compared to their popularity in Q1: BNB Smart Chain Ecosystem’s market share fell by 1.3 percentage points to 4.1%, while The Cosmos ecosystem's market share fell by 2.0 percentage points to 2.5%, and the Avalanche ecosystem's market share fell by 1.8 percentage points to 2.1%.

Bitcoin, Tron and Blast Ecosystems among the Top Rankings

The Bitcoin, Tron and Blast Ecosystems have seen an increase in investor interest since Q1, allowing them to strengthen and support Rune on Bitcoin Standard native meme coins jumped to the top. Likewise, the Tron ecosystem’s market share grew from 0.02% to 1.02%, and the Blast ecosystem’s market share grew from 0.30% to 0.75%.

These 3 blockchain ecosystems replaced the Injective, PulseChain and Hedera ecosystems, and their investor interest share fell by 0.21 to 0.34 percentage points.

Top 20 most popular blockchain ecosystems

Out of 67 blockchain ecosystems, the 20 most popular blockchain ecosystems ranked by investor interest share as of 2024 As follows: