According to a recent report from ETC Group, Ethereum maintains 45% market share amid competition from Solana and Aptos.
Solana leads the bridging net inflows with $1 billion in net inflows in Q3 2024, but faces challenges due to Aptos' momentum. ETC Group reports Aptos’ performance is 23% higher than the average for other layer 1 blockchains
In the Comprehensive Network Dominance Index (CNDI), Ethereum has a 45% lead, Solana has a 35% lead, and Aptos has a 20% lead. Although Ethereum's performance has been weak due to factors such as market pressures such as the Dencun upgrade in March 2024 and the unwinding of Japanese Yen carry trades in August, it shows resilience and continued ecosystem expansion. Masu.
Solana and Aptos are showing network growth, with daily active addresses and transactions increasing each quarter. Aptos' performance driven by Tapos Cat Game highlights Aptos' role in the GameFi space and its ability to process high volumes of transactions at low cost.
ETC Group recommends investors hold all three assets. Ethereum offers established advantages and stability. Solana shows growth and a proven track record. Aptos represents potential for future innovation and ecosystem expansion.
