Solana outpaced Ethereum and BNB Chain in public fundraising, securing the largest share of capital amid strong developer and user growth.
Solana led public fundraising across blockchains in the last 12 months, raising $884M. The figure reflects growing investor focus on ecosystems with high developer activity and active user engagement.
Ethereum followed with $529M, while BNB Chain raised $451M. Combined, the three chains accounted for most public capital raised during the period, signaling concentrated investment in established networks.
The trend highlights a shift toward platforms with clear narratives and scalable infrastructure, according to market observers.