According to data from on-chain research company Nansen, transactions on the Solana (SOL) network far outstripped Ethereum (ETH).
Nansen has released Solana’s 2022 second quarter performance report. Aforementioned on-chain datashowed that Solana outperformed Ethereum on a daily user transaction basis, despite its various disadvantages, both from macroeconomic conditions and network outages.
Throughout the second quarter of 2022, transactions on the Solana network continued to rise steadily. Solana, which has a significantly higher transaction volume compared to Ethereum, 40 million transactions per day reached its volume. Ethereum as opposed to Solana 1 million daily transactions It couldn’t get too high in volume.
However, users were more likely to subscribe to Solana compared to Ethereum during the second quarter. had to pay less transaction fees. Solana users in Q2 an average of 8-9 thousand dollars per day About the transaction fee. In comparison, the daily transaction fee paid by users on the Ethereum network is on average. 20 million dollars scrolled through levels. However, this transaction fee is in high demand for the NFT collection. Otherdeed by Otherside when products such as jumped to $220 million. Also, recently, demand for Solana NFTs has reached an all-time high.
Solana’s rapid and steady growth from mid-2022 GameFi, decentralized finance (DeFi) and NFT It can be attributed to a series of funding efforts to support (non-fungible token) ecosystems.
