Solana, the most attention-grabbing blockchain for two consecutive years... Sudai and BNB Chain experience rapid growth

Source: TokenPost Original Title: Solana(SOL), Consecutively the ‘Most Popular Blockchain’ for 2 Years… Rapid Growth of Sui and BNB Chain Original Link:

Solana, Maintains No. 1 Interest for 2 Years but Market Share Declines

As of 2025, Solana has been selected as the most attention-grabbing blockchain for two consecutive years, but its interest has decreased from 38.79% last year to 26.79% this year, a drop of 12.0 percentage points. The rise of competing chains such as Sui, BNB Chain, Base, and Ethereum is beginning to shift the landscape.

While Solana has made progress beyond the meme coin-driven speculative atmosphere toward increased institutional adoption, analyses suggest that its achievements in diversity and real-world use cases have been limited.

Base and Ethereum Close In… Sui and BNB Chain Make Strides

Coinbase’s Layer 2 chain ‘Base’ ranked second with an interest level of 13.94%. Ecosystem expansion continued through wallet and app transitions, stablecoin payment integrations, and automation tools.

Ethereum(ETH) recorded 13.43%, ranking third with a 2.7 percentage point increase from the previous year. Although it lagged behind competing chains in transaction fees and speed, the trustworthiness of its smart contract platform and brand power still seem to be influential.

Ethereum’s Layer 2 ecosystem faces intense competition for integration. Base, Arbitrum(ARB), Optimism(OP), among others, account for 90% of total Layer 2 transactions, with Base handling over 60%. Although more than 50 Layer 2 projects exist, many are considered ‘zombie chains’ due to lack of users and liquidity.

Notably, emerging chains Sui(SUI) and BNB Chain have experienced explosive growth. Sui increased by 6.9 percentage points to 11.77%, ranking fourth and significantly narrowing the gap with Ethereum. BNB Chain holds 9.05% interest, ranking fifth, up by 4.9 percentage points. This growth is supported by the launch of prominent platforms and a solid rebound in chain prices.

Continued Expansion of the Solana Ecosystem… Broadening Base with Institutional and Government Projects

Although Solana’s narrative share has declined, platform development has continued steadily. In early December, major exchanges began supporting on-chain transactions of Solana-based tokens directly through their mobile apps, greatly improving DeFi accessibility.

The DApp ecosystem remains active. Solana DEX Jupiter introduced seven major upgrades, including the ‘JupUSD(JupUSD)’ stablecoin, and its lending protocol ‘Jupiter Lend’ reached a total supply of $1 billion within a week of launch, transitioning to a full version. On Solana DEXs, over $1.8 trillion in trading volume has been recorded, with total value locked (TVL) reaching $2.7 billion.

Country-level adoption cases have also emerged. Bhutan is issuing and distributing a digital currency linked to gold on the Solana network, marking a notable example of a government-led ‘tokenized asset’ experiment utilizing Solana.

Rise of New Chains… Focus on AI and Derivatives

In addition to established major chains, 2025 has seen the emergence of new projects. XRP Ledger, based on Ripple’s ecosystem, ranked sixth with an interest level of 4.68%. Bittensor(Bittensor), a neural network focused on AI, ranked ninth with 1.91%.

Particularly notable is the derivatives-focused chain Hyperliquid(Hyperliquid), which surged from 0.01% in 2024 to 1.57% this year, jumping 44 places in the rankings. These projects are expanding their ecosystems beyond a single service by launching their own stablecoin ‘USDH’, strengthening decentralized exchange (DEX) infrastructure, and leveraging community-based messaging.

Meanwhile, TON(TON), which gained attention through Telegram, saw interest drop sharply by 5.0 percentage points, causing a significant fall in its ranking.

Market Analysis

Solana remains the most watched chain, but its market share has declined due to difficulties in moving away from meme coin-centric structures and the rise of new themes. Conversely, chains like Sui and BNB Chain are experiencing rapid growth through expanded real-world use and platform development. The competition for L2 ecosystem integration between Ethereum and Base signals a reorganization of the ecosystem.