Ethereum Dominates as Public Token Sales Hit $1.42B in 2026

Public token sales have pulled in $1.42 billion so far this year, but the capital is not spreading widely across the landscape. Data from CryptoRank, cited in the original report, shows that five blockchain ecosystems account for roughly $1.34 billion, or about 94% of the total.

The fundraising window may be wide open, but project founders and investors are voting with their wallets for a very short list of networks. Ethereum again claimed the largest share, attracting $334 million in public token sale proceeds.

BNB Chain followed at $288 million, with Base at $269 million and Solana at $241 million. Sonic rounded out the top five at $206 million.

The numbers suggest a market structure where most of the action happens inside a circle of dominant general-purpose chains, while newer or smaller ecosystems struggle to draw meaningful liquidity for early-stage raises.