According to @_dexuai, Layer 1 blockchains (L1s) captured nearly 19% of total crypto market mindshare over the past month, signaling strong trader attention and potential volume inflows. Stablecoins ranked third in narrative dominance, underlining their essential role in maintaining liquidity and facilitating trades across exchanges. Other sectors such as data, derivatives, and Layer 2s (L2s) trailed behind but remain on traders’ watchlists for potential future momentum. This trend analysis, as reported by Milk Road on May 5, 2025, highlights where market participants are focusing, which is critical for identifying high-activity assets and adjusting trading strategies accordingly. (Source: @_dexuai via Milk Road)