Solana takes the lead in transactions in the crypto world, surpassing giants like Ethereum and Layer-2. With a volume of $1.6 billion in 24 hours, the future of the SOL crypto-asset looks more promising than ever.
Solana overtakes Ethereum in terms of transaction volume
According to the data, Solana records higher transaction volume to that of Ethereum and its Layer-2 solutions (notably Arbitrum and Optimism). This speaks to the high demand for the Solana crypto network.
With over $1.6 billion in volume indeed, Solana far exceeds Ethereum's $751 million. Certainly, Layer-2 platforms like Base and Arbitrum saw growth of 22% and 47%, respectively. However, they remain well below performance from Solana.
Solana, a growing crypto ecosystem
There rise of Solana is also linked to increased activity on the channel. Recently, the crypto network has indeed seen a rush of users thanks to the launch of new projects like Pump.fun. This is a portal dedicated to professional traders.
This initiative strongly stimulated activity, creating a increased demand for SOL crypto tokens. Investors are therefore convinced that the price of Solana could soon reach the symbolic mark of $200. This breakout above the September highs appears to be the starting point of a broader rally.
A promising future for Solana crypto?
With a constantly increasing transaction volume and innovative projects in development, Solana could continue to challenge the big names in crypto like Ethereum and BNB Chain.
The platform is also benefiting from growing adoption, particularly in the context of a bull market nicknamed “Uptober”. If this trend continues, the SOL crypto asset could reach new heightsthus consolidating its position among the leaders of the blockchain ecosystem.
One thing is certain: Solana is increasingly asserting itself as a key player in the crypto ecosystem. Its dynamism in the crypto market and growing interest from investors make it a project to watch closely.
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