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
![Solana network surpasses Ethereum by 40 times in the number of transactions in Q2](https://storage.getblock.net/source/1/K-XskcdXGDHQtXX_p2laiGseZt89Jw_a.webp)
20.09.2022 - 10:10
293
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?
Market
Australia’s largest financial institutions have refused to process payments to digital asset trading platforms due to the risk of fraud
Jul 26, 2024
Politics
According to the politician, the value of the country’s bitcoin reserves should equal the value of gold reserves
Jul 26, 2024
Mining
The capacity of the Bitaxe device used by the network participant is only 500 Gh/s
Jul 25, 2024
Trends
Meanwhile, Trump-inspired assets have not shown significant growth
Jul 22, 2024
Market
The fee will be as much as 2,5% compared to 0,25-0,19% for competitors
Jul 18, 2024
Market
This is the third consecutive month of decline
Jul 18, 2024