Wu said that according to CryptoRank data, over the past 12 months (LTM), in public funding across blockchain ecosystems, Solana ranked first with $884 million, Ethereum second with $529 million, and BNB Chain third with $451 million. Base, Sonic, Monad, and Hyperliquid L1 received $307 million, $222 million, $188 million, and $55 million respectively. CryptoRank stated that public market funds are increasingly concentrated in ecosystems with active developers, a strong user base, and clear narratives.

SOL2.04%
ETH1.31%
BNB0.67%
S1.43%
SONIC3.21%
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BoredInBlockspace
· 6h ago
Hyperliquid only 55 million? Is the valuation of derivatives infrastructure this conservative? Do institutions think the ceiling isn't high enough?
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MintAfterCoffee
· 9h ago
Base surprisingly ranks fourth; Coinbase's endorsement is indeed different, but how much of the 300 million dollars is from their own ecosystem fund moving money from one hand to the other
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DaoScraps
· 9h ago
Ethereum’s second place is a little disappointing—Vitalik keeps shouting about Layer 2 every day, but the money got cut in line and taken by Solana and Base.
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GateUser-0f8d377b
· 9h ago
Solana's ability to attract funds is indeed impressive, but with more money, the quality of projects varies, which has always been an issue. It depends on whether a few true industry leaders can emerge in the future.
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