DeFi Projects Surge in Social Activity, Solana, Ripple, and Monad Lead

Decentralized finance (DeFi) has gained notable attention across social media. In this respect, Solana ($SOL), Ripple ($XRP), and Monad ($MON) are leading the list of DeFi projects based on social activity. As per the data from Phoenix Group, the other top players take into account Chainlink ($LINK), Celo ($CELO), Zcash ($ZEC), Tezos ($XTZ), Avalanche ($AVAX), Raydium ($RAY), and VeChain ($VET). Hence, the growing social activity of these DeFi projects highlights the rising social sentiment and investor confidence.

Solana ($SOL) Dominates DeFi Projects in Social Activity with 65.2K Engaged Posts

Solana ($SOL) is the leading DeFi project when it comes to 24-hour social activity. Specifically, it has witnessed a total of 65.2K engaged posts as well as 32.7M social interactions over 24 hours. In addition to this, Ripple ($XRP) occupies the 2nd top place on the list. So, the latest 24-hour data shows $XRP’s 16.9K engaged posts along with 10.3M interactions on social media.

Following that, the 3rd key position is claimed by Monad ($MON) when it comes to social activity. Thus, Monad ($MON) has witnessed a cumulative of 8.7K engaged posts and 1.4M social interactions. Coming after that is Chainlink ($LINK). Particularly, this DeFi project has recorded 4.4K engaged posts while also witnessing 2.2M social interactions.

Moving on, the list of the top DeFi projects in line with the 24-hour social activity includes Celo ($CELO). The project accounts for 3.4K engaged posts and 19.1M interactions. In the meantime, Zcash ($ZEC) has claimed the 6th position in the ranking. It reportedly saw 2.7K engaged posts and 615.3K interactions on diverse social media platforms over the same period.

VeChain ($VET) Bottoms List with 1.5K Engaged Posts and 1.5M Interactions

According to Phoenix Group’s list of the dominant DeFi projects on social media, Tezos ($XTZ)  is the next player with 1.7K engaged posts and 119.5K social interactions. Additionally, Avalanche ($AVAX) shows 1.6K engaged posts and 119.5K interactions. Then, Raydium ($RAY) has witnessed 1.5K engaged posts and 176.6K interactions. Concluding the list, VeChain ($VET) displays 1.5K engaged posts and 1.5M social interactions.