Bitcoin and Ethereum Dominate Layer-1 Projects by Social Engagement
The active Layer-1 blockchains by social interaction include Bitcoin ($BTC), Solana ($SOL), and Ethereum ($ETH). The latest stats in Phoenix Group, a crypto analytical platform, show that Bitcoin ($BTC) has scored an impressive 171.1K engage posts within 24 hrs, with more than 101.5M interactions.
TOP #LAYER1 PROJECTS BY SOCIAL ACTIVITY$BTC $SOL $ETH $TON $ADA $SUI $AVAX $KAS $APT $HBAR pic.twitter.com/gNEnhfbmPD
— PHOENIX – Crypto News & Analytics (@pnxgrp) October 4, 2024
Bitcoin ($BTC) Takes the Lead in Engagement
The data highlights $BTC as the top performer, showcasing its dominance in social engagement. Its impressive social interactions have positioned it as the most discussed Layer-1 blockchain, reflecting its ongoing influence in the crypto community. Bitcoin’s presence remains alarming, with 171.1K engaged posts and over 101.5 million interactions.
Solana ($SOL) ranked second, accumulating 77.9K engaged posts and 26.1 million interactions. Ethereum follows closely behind with 67.4K posts and 18.5 million interactions, demonstrating its resilience and continued popularity among blockchain projects. Both networks have shown significant interaction levels, contributing to their strong market presence.
Layer-1 Contenders Gaining Traction
Toncoin ($TON), Cardano ($ADA), and Sui ($SUI), have made strides in social engagement. The Toncoin (TON) network attracted 24.6k engaged posts and 2.4M interactions. Cardano recorded 13.7K engaged posts with 2.4 million interactions, signaling growing interest. Additionally, Sui garnered 12.6K posts and 1.8 million interactions. These networks quickly catch up to the top three and solidify their positions within the Layer-1 ecosystem.
Other emerging projects that make it to the top rankings include Avalanche (AVAX), Kaspa (KAS), Aptos ($APT), and Hedera ($HBAR). Avalanche has managed to post 13.4k and secured 1.2 million interactions. Kaspa follows closely with 12.3k posts and 1.2 million interactions. Aptos and Hedera recorded more than 9.3k and 7.2k posts, respectively, signaling a growing interest in these newer Layer-1 networks.
