CoinGecko has released a new report on the most popular blockchain platforms for smart contracts, and the results were surprising:
Solana: Market Leader
Solana takes the top spot with 39% of investor interest. The price of $SOL has returned to 2021 levels, and the ecosystem continues to expand thanks to DeFi, NFTs, and meme tokens.
Low transaction fees and high processing speed make Solana an ideal platform for emerging trends, including memes and AI tokens. This attracts both users and developers.
Base: Rapid Growth
Base, supported by Coinbase, unexpectedly claimed the second position with 16.8% interest. Its popularity has increased fivefold over the past year. The reasons for its success include low fees, a focus on meme tokens, anticipation of retroactive rewards, and strong backing from a major exchange.
Previously, this spot was held by Arbitrum, but Base has now surpassed it in popularity by nine times.
Ethereum: Losing Ground
Ethereum has dropped to third place with a 10.8% share of interest. Despite its crucial role in DeFi, more users are turning to cheaper and faster alternatives such as Base, Arbitrum, and Polygon.
However, Ethereum remains a key network for large investors and projects due to its unmatched security and liquidity.
What Does This Mean for the Market?
Solana and Base are likely to remain the focus in the coming months, as memes and AI tokens dominate current trends. However, the CoinGecko ranking is based on web traffic and reflects short-term user interest rather than the true value of these ecosystems.
Ethereum and other blockchains continue to hold significant importance in the long term, especially for projects requiring a reliable infrastructure.
