Recent data from Phoenix Group reveals that top L1 blockchain projects exhibit high levels of social activity, with Bitcoin taking the lead.
Bitcoin Leads L1 Blockchains in Social Activity
Bitcoin topped the list of social activities according to Phoenix Group, with 304.2K engaged posts over the past 24 hours. Additionally, $BTC recorded 131.1 million social interactions.
Ranking of Other Projects' Social Interactions
In second place is Solana with 163.5K engaged posts and 21.6 million interactions. Ethereum ranks third with 150.2K posts and 28.7 million interactions. ADA and SUI follow with 30.4K and 17.5K engaged posts respectively.
Does Social Activity Impact the Market?
$BNB is ranked 7th with 14.4K posts, while $S rounds out the list with only 7.9K engaged posts and 4.7 million interactions. This raises questions about the impact of social activity on the perception and dynamics of blockchain projects in the market.
Data on the social activity of blockchain projects underscores the importance of community engagement, as Bitcoin solidifies its market position in this regard.
