Ethereum is the second largest in the market cryptocurrency Although, it ranks as the ETH killer in terms of daily trading volume. to Solana (LEFT) he got caught.
According to Nansen reports, ETH known as the murderer witherThe daily transactions on the blockchain have steadily increased.
Reports indicate that Solana has reached a daily trading volume of more than 40 million, compared to Ethereum’s 1 million daily trading volume between April and June.
Stating that the number of daily transactions of Solana has increased continuously during the second quarter of 2022, Nansen said:
“On-chain data for the second quarter of 2022 shows that Solana users are outpacing Ethereum in day-to-day transactions, despite several drawbacks from both macroeconomic conditions and network outages.
On-chain data revealed that decentralized exchanges (DEX) such as Mango Markets and Serum, and Solana-based decentralized oracle network Switchboard are the top DApps contributing to the increase in day-to-day transactions.”
Nansen research analyst Mega Septiandara reports “Whatever happens, one has to accept the fact that the Solana ecosystem is evolving.” said.
Finally, Nansen analysts said: LEFT He added that although it outperforms ETH in day-to-day transactions, this does not always mean more adoption.
According to data from CoinGecko, at the time of writing Ethereum at $1,350, down 3.5% in the last 24 hours, wither It is trading at $32, down 1.1%.
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