Solana outpaces Ethereum in terms of investment

Investments in Solana blockchain applications grew by 54% in the third quarter of 2024, reaching $ 173 million, and at the end of October, the blockchain surpassed Ethereum in terms of daily commission volume.

According to Messari analysts, the active growth in the number of users also emphasizes the popularity of the network, as the number of daily commission payers increased by 109%, reaching 1.9 million.

A total of 29 projects on Solana have successfully completed funding during this period, which is a record since 2022.

Investors' interest in Solana is reportedly not diminishing, and experts expect this trend to continue until the end of the year. In addition, at the end of October, the network overtook Ethereum in terms of daily commissions: $ 2.54 million versus $ 2.07 million for its competitor.

Solana stands out for its ability to scale and maintain low fees, which average only $ 0.023 per transaction.

The popularity of the Solana blockchain has also increased among new users, who have reached 1.3 million.

It should be added that at the end of the third quarter, Solana was ranked third among blockchains in terms of tokenized bonds with $ 123 million, behind only Stellar ($ 422 million) and Ethereum ($ 1.6 billion).