Report: Solana Q3 bridge net inflow of $1 billion, market share index reached 35%, second only to Ethereum

Odaily News Ethereum has maintained a 45% market share amid competition from Solana and Aptos, according to a recent report from ETC Group. Solana is in the lead with $1 billion in bridge net inflows in the third quarter of 2024, but it is facing challenges due to the momentum of Aptos. The report said that Aptos has 23% higher capital inflows than the average level of other L1 blockchains. The Composite Network Dominance Index (CNDI) shows that Ethereum's dominance is 45%, Solana is 35%, and Aptos is 20%. Although Ethereum's poor performance has been attributed to factors such as the Dencun upgrade in March 2024 and market pressures such as the unwinding of yen carry trades in August, it has demonstrated resilience and continued ecological expansion. Solana and Aptos show network growth trends, with daily active addresses and transaction counts rising every quarter. Aptos' performance highlights its position in the GameFi field and its ability to handle high transaction volumes at a lower cost. (CryptoSlate)