1
Crypto Discussion / Solana (SOL) strongly outperforms Ethereum (ETH) in Q2
« on: September 26, 2022, 11:17:24 PM »
For the second quarter of 2022, the daily transactions recorded on Solana were 40 times that of Ethereum. The total number of wallets on Solana also jumped from 400,000 wallets to nearly 1 million by the end of May.
During the second quarter of 2022, Layer-1 blockchain platform Solana outperformed its biggest competitor Ethereum in daily transactions. This happened despite the major drawbacks of network outages and other macro conditions in the market.
Throughout the second quarter between April and June, the Solana blockchain reported 40 million daily transactions. This was 40 times Ethereum’s 1 million daily transactions during the same period.
Well New developments on Solana
Solana is working with Cosmos to build its first Layer-2 scalability platform Nitro will work as a Solana Virtual Machine (SVM)-compatible blockchain.
That said, i think SOL is doing really great holding it positions, which is why i think it will be among the quick 2x when bulls come.
During the second quarter of 2022, Layer-1 blockchain platform Solana outperformed its biggest competitor Ethereum in daily transactions. This happened despite the major drawbacks of network outages and other macro conditions in the market.
Throughout the second quarter between April and June, the Solana blockchain reported 40 million daily transactions. This was 40 times Ethereum’s 1 million daily transactions during the same period.
Well New developments on Solana
Solana is working with Cosmos to build its first Layer-2 scalability platform Nitro will work as a Solana Virtual Machine (SVM)-compatible blockchain.
That said, i think SOL is doing really great holding it positions, which is why i think it will be among the quick 2x when bulls come.