Solana has surpassed Ethereum in key metrics
Recent findings highlight that Solana has surpassed Ethereum in terms of activity over the last day. Furthermore, this uptick in activity has also pushed Solana's trading volume beyond that of Ethereum's.
Statistics reveal an exceptionally active period for Solana, outshining both Ethereum and Bitcoin in the race of active addresses. This comparison places Solana at the forefront among the trio, marking a notable achievement.
A closer examination of the two networks indicates a stark contrast in their active addresses in recent times.
Solana Versus Ethereum
An exploration into Solana's active addresses uncovers a noteworthy pattern. Even at its lowest in recent weeks, Solana's active addresses count didn't dip below 800,000.
Presently, the network boasts over 1 million active addresses, pointing towards a phase of heightened activity. This trend underscores a vibrant and growing network.
Conversely, Ethereum's active addresses have seen a downturn, failing to breach the 500,000 mark in the last month. The figures have further slumped to the 400,000's bracket, with no signs of an upward trajectory. Current insights from Santiment place the active addresses at around 141,000.
Volume Insights: Solana Outpaces Ethereum
When looking at the trading volume of the two on DefiLlama, Ethereum's volume had generally overshadowed Solana's until a notable shift occurred. Solana's trading volume eventually eclipsed that of Ethereum's.
Currently, the trading volume for Solana sits at approximately $1.1 billion, with Ethereum's at about $1.5 billion. This showcases a decline in Ethereum's volume, while Solana's volume persists robustly.
Despite this, it's important to mention that Ethereum's Total Value Locked (TVL) still surpasses Solana's. DefiLamma's data indicates Ethereum's TVL is over $65 billion, compared to Solana's $4.8 billion.
