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Solana Blockchain Becomes Leader in Attracting Global Traffic

Solana Blockchain Becomes Leader in Attracting Global Traffic

HappyCoinNews2024/11/16 07:33
By: HappyCoinNews
SOL+0.52%ETH+0.09%

According to the report, published experts of the CoinGecko platform, blockchain Solana took first place in attracting global traffic. Since the beginning of this year, Solana accounted for 38,79% of the total traffic. The second place was taken by the Base blockchain with 16,81%.

According to experts, the network's success Solana caused by the launch of the Pump.fun platform, where memecoins are created based on Solana As of November 14, the volume of emissions on this platform exceeded 3,26 million memcoins.

The Base blockchain was able to take the second place also due to the growing trade of memecoins. The third place was taken by the network Ethereum , it holds just over 10,8% of the global traffic share. Since the first quarter, the traffic share Ethereum decreased by 1,9%, analysts noted.

In their opinion, the decline in popularity of blockchain Ethereum is due to the fact that it stopped attracting investors due to the lack of hype. In addition, interest in the network fell due to the introduction of second-level networks.

As experts emphasized, in total the top 20 blockchains were able to attract almost 97% of global traffic, and the remaining 3% distributed 47% among themselves.

If interest in memecoins remains high, then Solana will be able to maintain its leadership in the first quarter of 2025, concluded analysts at CoinGecko.

EN @happycoinnews
EN @happycoinnews_en
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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