Solana network surpasses Ethereum by 40 times in the number of transactions in Q2
According to analysts at Nansen, the growth of the indicator was influenced by an increase in trading volumes on decentralized exchanges
20.09.2022 - 10:10
338
1 min
0
What’s new? According to a report from analytics firm Nansen, the Solana blockchain has surpassed Ethereum in terms of user activity in Q2 2022. According to Cointelegraph, citing the document, the average daily number of transactions on the Solana network was more than 40 million, while the Ethereum network processed about 1 million transactions.
News on the Cointelegraph website
What other information is in the report? Nansen’s data shows that the increase in the number of transactions was influenced by an increase in trading volumes on decentralized exchanges (DEX) Mango Markets and Serum, as well as the decentralized oracle network Switchboard. In addition, analysts recorded a significant increase in the number of wallets on the Solana blockchain, from 400 000 to 1 million by the end of May 2022.
As of September 20, 09:40 UTC, the native token of Solana (SOL) is trading at $32,03, having gained 4,33% overnight, according to Binance. The asset ranks 9th in the CoinMarketCap rating with a capitalization of $11,37 billion.
The value of 1 ETH is $1353, it rose by 4,73% per day.
On September 7, The Block Research reported that the number of NFTs issued on the Solana blockchain reached 312 000. In addition, trading volumes of NFTs on the Solana network increased. On September 6, the total volumes across all marketplaces reached $11,5 million, the highest level since May.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 797
BTC
+3.23%
-
Ethereum
$3 320.15
ETH
+2.15%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.45
XRP
+31.64%
-
Dogecoin
$0.40305
DOGE
+6.54%
-
Cardano
$0.915135
ADA
+18.56%
-
Bitcoin Cash
$484.56
BCH
+1.99%
-
Polkadot
$6.27
DOT
+9.52%
-
Stellar XLM
$0.295837
XLM
+25.39%
-
Litecoin
$90.06
LTC
+3.17%