Today’s data from Phoenix Group highlighted top Layer-1 networks with highest social media activity. According to the data, Layer 1 blockchain sector is currently seeing new developments, with fresh names emerging at the forefront due to their vigorous social activity. Excitement around these networks hint user adoption and market performance of the blockchains.
Top Layer-1 protocols by social activity
Bitcoin
Bitcoin emerged as the most popular Layer-1 blockchain – it attracted the highest numbers of social mentions than other L-1 blockchains. Over the past 24 hours, Bitcoin drew in 67 million social interactions and 146.6k engaged posts on social channels, making it the highest discussed Layer-1 network in the L-1 blockchain market. These figures suggest that there is an increasing interest in Bitcoin as more users want to hold BTC as part of their portfolios.
Ethereum
Second on the list is Ethereum, whose interest has skyrocketed across social media channels. Over the past 24 hours, Ethereum pulled in 23.9 million social interactions and 79k engaged posts. This increase in social discussions reflects rising public interest and interaction with the Layer-1 blockchain. This surging engagement, fuelled by market adoption and social media influence, highlights the crucial role that Ethereum plays in the DApps sector.
Solana
Next on the list is Solana. Based on the metrics, Solana is making massive waves in the blockchain landscape with social buzz. The layer-1 network registered substantial user interest, with 20.1 million social interactions and 72.7k engaged posts pulled in today. This milestone is due to Solana’s unique features that grab the interest of crypto investors, users, and developers, making it one of the most discussed Layer-1 networks. In precise, Solana protocol has turned into a major player in the blockchain space, thanks to its scalable infrastructure, low gas fees, and rapid processing times.
Cardano
Cardano took the fourth position. It recorded 2 million social interactions and 16.1k engaged posts, which signifies a rising interest and bullish sentient among users. An increase in social sentiment is typically an indicator of a user adoption of a platform. As more users express enthusiasm about this blockchain, it develops ripple effect, driving the network’s demand and adoption.
BNB Chain
It was followed by BNB Chain, which has been grabbing attention in the blockchain sector lately. The protocol drew in 1.9 million social interactions and 8.9k engaged posts over the period, showcasing its strength in the Layer-1 blockchain sector. BNB has demonstrated to be one of the major and trusted blockchains in the market. This is the main catalyst behind its rise: BNB has positioned itself as a rapid and affordable alternative to blockchain protocols, attracting millions of users, DApps, and DeFi projects.
Others
Other Layer-1 networks that garnered the highest social media activity include Sui, Avalanche, Litecoin, Hedera, and Toncoin.
Sui collected 1.9 million interactions and 8.7k engaged posts. Avalanche settled on the seventh position with 557.6k interactions and 6.2k engaged posts.
Litecoin followed with 616.8k interactions and 5.7k engaged posts. Hedera occupied the ninth place with 719.2k interactions and 5.1k engaged posts. Lastly, Toncoin clinched the 10th spot with 732.7k interactions and 4.4k engaged posts.
