Phoenix Group provided recent data about Layer-1 blockchain project engagement levels based on social activity levels. Social engagement metrics such as likes, comments, and shares assess the dominance of these blockchain networks among cannabis industry stakeholders.
Bitcoin ($BTC) ranks as the most popular Layer-1 blockchain because it had 143.3K engaged posts and 195.2M interactions across social media during the last 24 hours. Bitcoin’s adoption and strong influence across the cryptocurrency world drive its leading social activity performance.
TOP #LAYER1 PROJECTS BY SOCIAL ACTIVITY$BTC $SOL $ETH $ADA $SUI $BNB $KAS $HBAR $INJ $AVAX pic.twitter.com/ElT6qqGybj
— PHOENIX – Crypto News & Analytics (@pnxgrp) January 31, 2025
Solana ($SOL) follows Bitcoin’s social activity with 103.8K engaged posts and 60.2M interactions. Solana’s social engagement metrics continue to grow as its developer and enthusiast audiences increase their interest in decentralized finance (DeFi) and non-fungible tokens (NFTs).
The Ethereum network ranked third place with $ETH performing 78.6K engaged posts and 66.6M interactions. Ethereum ($ETH) functions as a central blockchain ecosystem where thousands of decentralized applications run and receive persistent support from its wide community network.
Additional Layer-1 Projects Gaining Attention
Layer-1 blockchain projects, Cardano ($ADA) and Sui ($SUI) experienced extensive community engagement. Cardano accumulated 31.8M interactions through 11.3K posts, and Sui obtained 8.9M interactions through 8.1K posts. Community involvement has remained reliable in both projects, which demonstrates ongoing development interest.
The ranking list included Binance Smart Chain ($BNB) Kaspa ($KAS) , Hedera ($HBAR) and Injective Protocol ($INJ), and Avalanche ($AVAX). Analysis showed that these blockchain initiatives had diverse levels of interest based on their position within the blockchain industry sectors.
The social media engagement data shows that Avalanche ($AVAX) received 2.6M interactions, alongside Hedera ($HBAR), which reached 1.7 K, and Injective Protocol ($INJ), which also reached 1.7K engaged posts.
Social Engagement as a Key Indicator
The research findings demonstrate why social activity functions as a crucial factor in evaluating project worth and community participation. Social engagement reveals the combined interest level of users, developers, and investors who participate in these projects.
The data demonstrates how cryptocurrency markets prosper through continuous activities since engaged members tend to innovate new blockchain solutions.
