Decentralized Finance (DeFi) has gained significant attention across social media. In this regard, Solana ($sol)Ripple ($XRP) and Monad ($MON) top the list of social activity-based DeFi projects. According to data from Phoenix Group, other top players are considering Chainlink ($LINK), Celo ($CELO), Zcash ($ZEC)Tezos ($XTZ), Avalanche ($AVAX), Raydium ($RAY), and VeChain ($VET). Thus, the increasing social activity of these DeFi projects highlights rising social sentiment and investor confidence.
Solana ($SOL) dominates DeFi projects in social activity with 65.2k engagement posts
Solana ($SOL) is the leading DeFi project when it comes to 24-hour social activity. Specifically, it saw a total of 65.2 thousand interactive posts in addition to 32.7 million social interactions over the course of 24 hours. In addition, Ripple (XRP) ranks second on the list. So, the latest 24-hour data shows 16.9K XRP engagement posts as well as 10.3M social media interactions.
Next, Monad ($MON) takes the third major spot when it comes to social activity. Thus, Monad ($MON) saw a backlog of 8.7K engagement posts and 1.4M social interactions. Next comes he Chain Link ($LINK). In particular, this DeFi project recorded 4.4k interactive shares while also witnessing 2.2 million social interactions.
Going forward, the list of top decentralized finance (DeFi) projects in line with 24-hour social activity includes Celo ($CELO). The project represents 3.4 thousand interactive posts and 19.1 million interactions. Meanwhile, Zcash ($ZEC) ranked sixth in the rankings. It reportedly saw 2.7 lakh shared posts and 615.3 lakh interactions on various social media platforms during the same period.
VeChain ($VET) bottom list with 1.5K engagement posts and 1.5M interactions
According to Phoenix Group’s list of DeFi projects dominating 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. Next, Raydium ($RAY) saw 1.5K engagement posts and 176.6K interactions. Rounding out the list, VeChain ($VET) shows 1.5K engaged posts and 1.5M social interactions.
