Solana blockchain overtakes Ethereum in terms of the number of active users

According to a report by the Nansen team, the Solana blockchain has managed to overtake Ethereum in terms of the number of active users.

The researchers found that in the second quarter of 2022, the average daily number of transactions on Solana amounted to 40 million, while on Ethereum, this figure was 1 million per day. The surge in Solana address transaction activity is attributed to spring volatility and an increase in trading volume on decentralized exchange (DEX) platforms such as Mango Markets and Serum.

As for the SOL token, it is ranked ninth in the ranking of the largest digital assets, trading for $ 32.18 at the time of writing. In turn, ETH remains in second place, with a value of $ 1357 at the moment. It is worth noting that Ethereum managed to grow by 4.76% compared to the previous day, when both bitcoin and ether collapsed.

Another cryptocurrency that managed to overtake ETH is Dogecoin, which became the second PoW cryptocurrency by market capitalization, all thanks to the transition of ethereum to PoS. Obviously, the flagship cryptocurrency is hundreds of billions ahead of DOGE’s capitalization, but taking second place after ETH is a significant achievement for a meme cryptocurrency. «Who would have thought this would happen. Congratulations#Dogefam,» one of DOGE’s fans tweeted.