With FIrefox 3.5 being recently released, and hitting five million downloads in 24 hours, Firefox appears to be gaining more marketshare, while Internet Explorer’s market share continues to fall according to Favbrowser.

Internet Explorer fell from 62.09% to 59.49%, while Firefox rose from 28.75% to 30.33%. But Firefox isn’t the only browser that’s gaining market share. Opera, recently released the beta version of version 10 of its browser, rose from 3.23% to 3.36%, Safari, recently released version 4 of its browser and hitting 11 million downloads in three days, rose from 2.65% to 2.93%, and Chrome rose from 2.42% to 2.82%.

Internet Explorer’s marketshare has continued to decline with every new version of Firefox.