According to Santiment’s social tracker, the world of cryptocurrency is buzzing with discussions about the top layer-1 blockchains. In fact, these blockchains are dominating a whopping 44% of the conversation on social media. This is a clear indication of the growing interest and importance of these blockchains in the crypto space.

But what exactly are layer-1 blockchains? These are the foundational blockchains that serve as the backbone of the entire crypto ecosystem. They are responsible for processing and validating transactions, as well as maintaining the security and decentralization of the network. Some of the most well-known layer-1 blockchains include Bitcoin, Ethereum, and Cardano.

On the other hand, the top six memecoins, which are often associated with viral internet memes, are only accounting for a mere 4% of the social media discussion. This is a significant difference compared to the dominance of layer-1 blockchains. Memecoins, while popular and often seen as a fun and lighthearted aspect of the crypto world, are not considered as crucial to the overall functioning of the ecosystem.

This data from Santiment highlights the growing interest and focus on the core infrastructure of the crypto space. As more and more people enter the world of cryptocurrency, they are starting to recognize the importance of layer-1 blockchains and their role in shaping the future of finance.

It’s also worth noting that the dominance of layer-1 blockchains in social media discussions could be a reflection of their market dominance. Bitcoin, for example, has a market capitalization of over $1 trillion, while the top memecoin, Dogecoin, has a market cap of around $30 billion.

In conclusion, Santiment’s social tracker provides valuable insights into the current state of the crypto market. It shows that while memecoins may be popular and entertaining, it’s the layer-1 blockchains that are truly driving the conversation and shaping the future of cryptocurrency.