Daily transactions in the Solana (SOL) blockchain increased significantly, reaching 40 million in mid-June this year. Meanwhile, the Ethereum (ETH) network generated only about 1 million daily transactions.
According to the analytical firm Nansen, the number of daily transactions in the Solana network began to grow rapidly in Q2 2022 and exceeded 40 million per day. Ethereum had 1.4 million transactions daily for the same period.
Daily transactions in Solana grew four times over three months. So, at the beginning of April 2022, this index was at 10 million a day; in June, it exceeded 40 million a day. The network’s growth is directly attributed to Solana Foundation’s GameFi and DeFi support in South Korea.
However, Solana’s figures were unstable throughout the entire period, rising sharply and then falling precipitously the next day. These spikes are probably due to constant failures in Solana, which bring the blockchain to a complete halt.
The daily performance of the Ethereum network in Q2 2022 averaged 1 million transactions per day, which is 40 times lower than the performance of its “killer.” At the same time, daily transactions in Ethereum, in the run-up to the blockchain’s transition to PoS, were quite stable. Daily fluctuations were no more than 30%, and the average figures remained at the level of 1-1.3 million per day.
Solana was 265th in the global ranking of “brand affinity,” but its developer activity has halved in the last few months.
