A popular crypto analyst says Solana (SOL) is showing promise as it leads Ethereum (ETH) in one critical on-chain metric.
In a new strategy session, the host of InvestAnswers tells his 443,000 YouTube subscribers that he’s got his eye on data from blockchain analytics firm Nansen showing Solana with exponentially more transactions per day than Ethereum.
“Ethereum versus Solana daily transactions and for Solana they are non-vote transactions. They are actual transaction transactions. The staggering numbers here, just to put it into perspective: Ethereum did… 1.1 million transactions a day. That includes all of the other kind of related chains.
Solana is up at nearly 36 million transactions or 31 times the amount, so I just thought that was interesting to look at. So in terms of chains and how they are used, Solana, per Nansen, not me, is 31 times more used than Ethereum which is staggering.”
On the flip side, the analyst notes that Ethereum still dominates total value locked (TVL),...
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