Blockchain

Bitcoin, Solana, and Ethereum Secure Top Positions in Layer-1 Projects in Terms of Social Media Engagement

Phoenix Group offered latest knowledge about Layer-1 blockchain undertaking engagement ranges primarily based on social exercise ranges. Social engagement metrics equivalent to likes, feedback, and shares assess the dominance of those blockchain networks amongst hashish business stakeholders.

Bitcoin ($BTC) ranks as the most well-liked Layer-1 blockchain as a result of it had 143.3K engaged posts and 195.2M interactions throughout social media over the last 24 hours. Bitcoin’s adoption and robust affect throughout the cryptocurrency world drive its main social exercise efficiency.

TOP #LAYER1 PROJECTS BY SOCIAL ACTIVITY$BTC $SOL $ETH $ADA $SUI $BNB $KAS $HBAR $INJ $AVAX pic.twitter.com/ElT6qqGybj

— PHOENIX – Crypto Information & Analytics (@pnxgrp) January 31, 2025

Solana ($SOL) follows Bitcoin’s social exercise with 103.8K engaged posts and 60.2M interactions. Solana’s social engagement metrics proceed to develop as its developer and fanatic audiences improve their curiosity in decentralized finance (DeFi) and non-fungible tokens (NFTs).

The Ethereum community ranked third place with $ETH performing 78.6K engaged posts and 66.6M interactions. Ethereum ($ETH) features as a central blockchain ecosystem the place hundreds of decentralized functions run and obtain persistent assist from its extensive neighborhood community.

Further Layer-1 Initiatives Gaining Consideration

Layer-1 blockchain initiatives, Cardano ($ADA) and Sui ($SUI) skilled in depth neighborhood engagement. Cardano gathered 31.8M interactions via 11.3K posts, and Sui obtained 8.9M interactions via 8.1K posts. Group involvement has remained dependable in each initiatives, which demonstrates ongoing improvement curiosity.

The rating record included Binance Sensible Chain ($BNB) Kaspa ($KAS) , Hedera ($HBAR) and Injective Protocol ($INJ), and Avalanche ($AVAX). Evaluation confirmed that these blockchain initiatives had various ranges of curiosity primarily based on their place inside the blockchain business sectors.

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The social media engagement knowledge exhibits that Avalanche ($AVAX) obtained 2.6M interactions, alongside Hedera ($HBAR), which reached 1.7 Ok, and Injective Protocol ($INJ), which additionally reached 1.7K engaged posts.

Social Engagement as a Key Indicator

The analysis findings reveal why social exercise features as an important think about evaluating undertaking value and neighborhood participation. Social engagement reveals the mixed curiosity degree of customers, builders, and traders who take part in these initiatives.

The information demonstrates how cryptocurrency markets prosper via steady actions since engaged members are likely to innovate new blockchain options.



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