Ethereum Loses Web3 Market Share to Solana and Aptos in Q3
Solana Leads Net Flows in Q3 as Aptos Drives Growth on GameFi, Narrowing Ethereum's Lead in Web3 Market
CryptoTrends - Bitcoin, Cryptocurrency and Blockchain News
Home News
Ethereum Loses Web3 Market Share to Solana and Aptos in Q3
Solana Leads Net Flows in Q3 as Aptos Drives Growth on GameFi, Narrowing Ethereum's Lead in Web3 Market
Crypto Trends by Crypto Trends
Ethereum, the historical leader in the Web3 ecosystem, has seen its market share shrink as Solana and Aptos gain ground. According to a recent report from ETC Group, Ethereum maintains 45% of the market share but faces increasing pressure from Solana, which has led net flows with $1 billion during Q3 2024, and Aptos, which continues to gain traction in key sectors such as GameFi.
Solana: The New Contender
Solana has managed to position itself as a competitive force in the blockchain space, recording $1 billion in bridged net flows in Q3, allowing it to capture 35% of the market share. Its ability to process transactions quickly and efficiently, coupled with lower costs compared to Ethereum, has been key to its success.
Solana’s growth reflects strong user adoption of decentralized applications, NFTs, and DeFi, cementing its place as a viable alternative to Ethereum for developers and projects seeking greater scalability.
Aptos: A Growing Bet on GameFi
Meanwhile, Aptos has shown significant growth, capturing 20% of the market share in the third quarter. #APT #Solana #ETH #Web3 #DeFi $ETH $SOL $APT .
