Phoenix Group offered current information about Layer-1 blockchain undertaking engagement ranges based mostly on social exercise ranges. Social engagement metrics reminiscent of likes, feedback, and shares assess the dominance of those blockchain networks amongst hashish trade stakeholders.
Bitcoin ($BTC) ranks as the preferred Layer-1 blockchain as a result of it had 143.3K engaged posts and 195.2M interactions throughout social media over the past 24 hours. Bitcoin’s adoption and robust affect throughout the cryptocurrency world drive its main social exercise efficiency.
TOP #LAYER1 PROJECTS BY SOCIAL ACTIVITY$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 enhance 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) capabilities as a central blockchain ecosystem the place 1000’s of decentralized functions run and obtain persistent assist from its broad group community.
Extra Layer-1 Tasks Gaining Consideration
Layer-1 blockchain initiatives, Cardano ($ADA) and Sui ($SUI) skilled in depth group engagement. Cardano gathered 31.8M interactions by way of 11.3K posts, and Sui obtained 8.9M interactions by way of 8.1K posts. Neighborhood 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 ($AVAX). Evaluation confirmed that these blockchain initiatives had numerous ranges of curiosity based mostly on their place inside the blockchain trade sectors.
The social media engagement information exhibits that Avalanche ($AVAX) acquired 2.6M interactions, alongside Hedera ($HBAR), which reached 1.7 Okay, and Injective Protocol ($INJ), which additionally reached 1.7K engaged posts.
Social Engagement as a Key Indicator
The analysis findings exhibit why social exercise capabilities as an important consider evaluating undertaking value and group participation. Social engagement reveals the mixed curiosity stage of customers, builders, and buyers who take part in these initiatives.
The information demonstrates how cryptocurrency markets prosper by way of steady actions since engaged members are inclined to innovate new blockchain options.