Recent data from Phoenix Group reveals the engagement levels of Layer-1 blockchain projects based on social activity. Metrics like likes, comments, and shares assess dominance among industry stakeholders.
Leading Layer-1s in Social Activity
Bitcoin ranks first among Layer-1 blockchains with 143.3K engaged posts and 195.2M interactions on social media in the last 24 hours. Solana follows with 103.8K posts and 60.2M interactions. Ethereum is in third place with 78.6K posts and 66.6M interactions.
Other Layer-1 Projects with High Interest
Layer-1 projects like Cardano and Sui also show high levels of community engagement. Cardano accumulated 31.8M interactions through 11.3K posts, while Sui gained 8.9M interactions through 8.1K posts. The ranking included other blockchains such as Binance Smart Chain, Kaspa, Hedera, Injective Protocol, and Avalanche.
Social Engagement as a Project Indicator
The research demonstrates that social activity is a crucial factor in evaluating project worth and community participation. Engaged community members contribute to developing new blockchain solutions.
The data shows how cryptocurrency markets thrive through active participation, leading to innovations in blockchain solutions.
