Ethereum Maintains Market Share Amid Solana And Aptos Competition

According to Odaily, a recent report by ETC Group reveals that Ethereum has retained a 45% market share despite competition from Solana and Aptos. Solana led with a net inflow of $1 billion in the third quarter of 2024 but is facing challenges due to Aptos' momentum. The report indicates that Aptos' inflows are 23% higher than the average for other Layer 1 blockchains. The Composite Network Dominance Index (CNDI) shows Ethereum's dominance at 45%, Solana at 35%, and Aptos at 20%. Despite underperformance attributed to market pressures such as the Dencun upgrade in March 2024 and yen arbitrage trades closing in August, Ethereum has demonstrated resilience and continued ecosystem expansion. Solana and Aptos have shown network growth trends, with daily active addresses and transaction numbers increasing quarterly. Aptos' performance highlights its position in the GameFi sector and its ability to handle high transaction volumes at lower costs.