According to coingecko, solana has been the top cryptocurrency since the beginning of the year 2024. The network’s success can be attributed to the widespread popularity of the pump.Fun platform, which facilitates the creation of memecoins using the solana blockchain. As of November 14, the token emission volume stood at 3.26 million. The base blockchain also benefited from the increasing memecoin trade, which allowed it to consolidate its second place.
Ethereum dropped to third place in terms of user popularity, with only 10.8% of users choosing it. Since the beginning of the quarter, ethereum’s traffic share has decreased by 1.9%. According to experts, the decrease in the popularity of the blockchain is likely because ethereum does not generate much excitement, and interest in it is divided among various second-level networks.
