80% of Web3 startups launch on Ethereum and Solana

Ethereum attracts 62% of new web3 startups. As for Solana, 18% of web3 startups are deployed on this network. Not bad for a network that almost flatlined after the FTX collapse, right? This is a giant breakthrough for the system. Basically, Web 3 startups still prefer to build their projects in the Ethereum ecosystem. However, Solana is beginning to challenge the giant since it gains a notable share of the market. 


These figures come from an analysis of the Alliance program conducted in October. Among the 3,000 projects that joined the program, 62% of startups choose Ethereum. Moreover, the significant portion of them or almost all, to be more particular, (59%) are built on Optimistic rollups, a technology designed to help Ethereum handle more transactions faster.  The most popular networks among them are Base, Arbitrum and Optimism.  


Solana and Bitcoin are increasing their market share as the platforms for web3 startups. 

The Bitcoin ecosystem attracted 5% of web3 startups. It became possible after the launch of non-fungible and fungible inscription tokens, pioneered by Ordinals last year.


At the same time, such protocols as Polygon, Cosmos, Avalanche, and Polkadot lose their share in the market of web3 apps. They previously held an advantage due to lower costs, but with the advent of Layer 2 networks, they have lost it.


#Ethereum #Solana #web3

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