By the Numbers: Solana Q3 Bridges Net Inflows of $1 Billion, Market Share at 35 Percent

On October 8, CryptoSlate reported that a new ETC Group report showed that ethereum maintained a 45 percent market share despite competition from Solana and Aptos. Solana led cross-chain bridge flows with $1 billion in net inflows in the third quarter, but is facing a challenge from the growing momentum of Aptos, which outperformed the average of other Layer 1 blockchains by 23 percent, the ETC Group report noted.

The Composite Network Dominance Index (CNDI) shows Ether at 45%, Solana at 35% and Aptos at 20%. Despite Ether's underperformance, which is largely attributable to market pressures such as the Dencun upgrade in March 2024 and the unwinding of the Yen carry trade in August, it has demonstrated resilience and continued ecosystem expansion. solana and Aptos have seen significant network growth, with quarterly increases in both daily active addresses and transaction volumes. aptos' stellar performance is largely attributable to Tapos Cat Game, highlighting its importance in the GameFi space and its ability to process large volumes of transactions at lower costs.