According to CoinMeta, based on cryptorank data, since 2026, crypto projects have raised a total of approximately $1.42 billion through public token sales. Among them, the Ethereum ecosystem led with $334 million, followed by BNB, chain, base, solana, and sonic with $288 million, $269 million, $241 million, and $206 million respectively. The top five ecosystems combined raised about $1.34 billion, accounting for approximately 94% of the total amount, indicating that public token sales financing is highly concentrated in a few ecosystems.