Solana Dominates Crypto Attention for Second Straight Year: Analysis
Solana captured 26.79% of worldwide curiosity in blockchain-specific narratives all through 2025, securing its place as the most well-liked crypto ecosystem for the second consecutive yr regardless of dealing with mounting competitors and declining market share.
Base and Ethereum rounded out the highest three positions whereas newer entrants like Sui and BNB Chain surged into prominence, based on CoinGecko’s latest blockchain ecosystem analysis.
The layer-1 community’s market share dropped 12.0 proportion factors from 38.79% in 2024, on account of struggles to broaden past meme-coin hypothesis whilst institutional adoption accelerated by way of U.S. ETF launches.
The decline pushed Solana out of the highest 5 hottest crypto narratives rating after being overtaken by AI brokers and Made in USA themes.
Base and Ethereum Hold Ground
Coinbase’s Base ecosystem maintained second place with 13.94% of investor curiosity, down 2.9 proportion factors from 16.81% in 2024.
The smaller decline got here regardless of main developments, together with the Coinbase Wallet rebrand into the Base app, Shopify’s USDC payment integration, and x402 facilitation rollout.
Ethereum secured third place with 13.43% mindshare, posting a 2.7 proportion level year-over-year enhance that narrowed its hole with Base.
The development occurred whereas buyers remained vital about ETH worth efficiency and the blockchain’s aggressive positioning amid intensifying rivalry from sooner networks.
However, Ethereum’s scaling layer faces extreme consolidation strain, as Base, Arbitrum, and Optimism now course of almost 90% of all L2 transactions, with Base alone accounting for over 60%.
According to 21Shares, most of the 50-plus competing L2s are unlikely to survive through 2026 as smaller rollups have seen exercise plunge 61% since June, creating what analysts name ‘zombie chains’ with minimal utilization and evaporating liquidity.
Sui and BNB Chain Double Their Market Presence
Sui and BNB Chain emerged because the yr’s largest gainers, after greater than doubling their market share to assert fourth and fifth positions, respectively.
Sui recorded the most important development, with a 6.9 percentage-point soar to 11.77%, positioning itself shut behind Ethereum and establishing credibility as a critical competitor in chain-specific narratives.
BNB Chain captured 9.05% mindshare following a 4.9 proportion level enhance, pushed by Binance Alpha’s May launch that propelled the community to steer onchain buying and selling volumes.
The ecosystem additionally benefited from founder CZ’s renewed involvement and resilient BNB worth motion all year long.
Solana’s momentum continued to construct by way of main platform integrations, as Coinbase activated native DEX trading for Solana tokens in its cell utility in early December, permitting customers to swap property on-chain for the primary time.
The change individually introduced plans to accumulate Vector, a Solana-native buying and selling platform, in a deal anticipated to shut by year-end.
New Entrants Reshape Competitive Landscape
XRP Ledger and Bittensor led new additions to the highest rankings, with XRP securing sixth place at 4.68% mindshare and the AI-focused Bittensor capturing 1.91% for ninth place.
Berachain and Abstract additionally broke into the highest 20 amongst new ecosystems tracked this yr.
Hyperliquid delivered essentially the most dramatic rise after growing from 0.01% mindshare in 2024 to 1.57% this yr, climbing 44 positions within the rankings.
The perpetuals-focused platform marked a key stablecoin milestone with its USDH launch whereas constructing strong DEX infrastructure and group engagement that demonstrated scalability past single-product choices.
Meanwhile, the TON ecosystem noticed its rating slide following a 5.0 percentage-point year-over-year decline in mindshare, contrasting sharply with Sui’s ascent as a critical contender for a chain-specific narrative.
Notably, Jupiter reinforced Solana’s ecosystem depth by saying seven coordinated upgrades at Breakpoint, headlined by JupUSD stablecoin developed with Ethena.
The Solana DEX, which processed $1.08 trillion in mixed spot and perpetual quantity year-to-date whereas sustaining $2.7 billion in complete worth locked, additionally exited beta for Jupiter Lend after reaching $1 billion in provide inside eight days.
Jupiter launches JupUSD stablecoin with Ethena and unveils six ecosystem upgrades together with Developer Platform and https://t.co/ox0G6lqvMl acquisition to broaden Solana DeFi infrastructure.#jupiter #Solanahttps://t.co/TyQzmfb9XB
— Cryptonews.com (@cryptonews) December 12, 2025
Bhutan further validated Solana’s institutional appeal by launching TER, a gold-backed digital token working on the community and distributed by way of DK Bank.
The sovereign-backed initiative positions Bhutan amongst nations experimenting with state-issued tokenized property whereas leveraging Solana’s velocity and effectivity.
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