Data: Solana Q3 bridge net inflow of 1 billion USD, market share reaches 35%

2024-10-08 20:40:07
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According to ChainCatcher news, as reported by CryptoSlate, the latest report from ETC Group shows that despite competition from Solana and Aptos, Ethereum still maintains a 45% market share. In the third quarter, Solana led cross-chain bridge capital flows with a net inflow of $1 billion, but is facing challenges from Aptos's growth momentum. The ETC Group report indicates that Aptos's performance is 23% higher than the average of other layer one blockchains.

The Comprehensive Network Dominance Index (CNDI) shows that Ethereum accounts for 45%, Solana for 35%, and Aptos for 20%. Although Ethereum has underperformed, primarily due to market pressures such as the Dencun upgrade in March 2024 and the unwinding of yen arbitrage trades in August, it still demonstrates resilience and ongoing ecosystem expansion. The network growth of Solana and Aptos is significant, with both daily active addresses and transaction volumes showing quarterly increases. Aptos's outstanding performance is largely attributed to the Tapos Cat Game, highlighting its importance in the GameFi sector and its ability to handle a large number of transactions at a lower cost.

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