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Cryptocurrency News Articles

LunarCrash Releases the Report, Highlighting the Top Trending Decentralized Finance (DeFi) Projects by Social Media Activity Over the Past Week.

Nov 20, 2024 at 01:00 pm

Solana ($SOL) is reportedly leading the pack of DeFi projects. It has emerged as the most socially active project in the DeFi space. $SOL leads the social

LunarCrash Releases the Report, Highlighting the Top Trending Decentralized Finance (DeFi) Projects by Social Media Activity Over the Past Week.

LunarCrash has released a report highlighting the top trending decentralized finance (DeFi) projects by social media activity over the past week. Among the projects, Solana ($SOL) has emerged as the most socially active.

According to the report, $SOL has recorded 135K social posts, the highest among the DeFi projects. These posts garnered 78.4 million interactions, including likes, comments, retweets, and upvotes, giving $SOL an impressive social dominance of 9.50%. This showcases the growing influence of DeFi projects in terms of speed, scalability, and mass adoption.

$XRP and $HBAR Claim Runner-Up Spots

Interestingly, $XRP and $HBAR follow closely behind $SOL and XRP, respectively. $XRP, despite being a traditional player in the blockchain world, remained a popular topic within the DeFi conversations. The token generated 43,500 posts and 26.2 million interactions, resulting in 1.10% social dominance.

On the other hand, $HBAR token also made a mark, securing third place with 17.3K posts and 5.21 million interactions. Being a significant contender in the DeFi space, $HBAR maintained a social dominance of 1.50%, further highlighting the consensus mechanism and eco-friendly approach of the project.

Other Top DeFi Projects Making the Waves

Among other tokens, $AVAX and $LINK also made notable appearances in the rankings. While $AVAX garnered 15,100 posts with 5.12 million interactions, achieving 1.40% of social dominance, the project $LINK generated 13.6K posts with 4.61 million interactions and 1.2% social dominance.

Other DeFi projects like $INJ, $VET, $EGLD, $RAY, and $FTM also featured prominently in the report. While $INJ secured 9.91K social posts, 2.62 million interactions, and 0.75% dominance, the project $VET garnered 7.12K social posts, 1.42M interactions with 0.50% dominance. Finally, $EGLD, $RAY, and $FTM secured 6.89K, 6.21K, and 4.68K social posts respectively. These tokens gained 1.28M, 1.49M, and 1.10M interactions, resulting in 0.55%, 0.55%, and 0.35% social dominance in the same order.

These rankings of DeFi projects highlight how social activity mirrors a project’s influence in the competitive DeFi landscape. With all these highlights, the developers and investors are advised to continue flocking to the blockchain solutions that offer both innovation and engagement.

Original source:blockchainreporter

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