Solana surged 4% in the last 24 hours, reigniting the debate over its competition with Ethereum. Can SOL surpass ETH?
However, there are still gaps to address.Interestingly, this pump hasHence, can SOL’s strides shift stakeholders’ focus and prompt it to test its original ATH?With 39.3 million daily active addresses, Solana outpaced Ethereum by 11,228% compared to Ethereum’s 350K,However, Ethereum’s TVL of $44.5 billion dwarfs Solana’s $4.6 billion, maintaining its DeFi dominance.
Consequently, AMBCrypto explored whether Solana is nearing Ethereum’s earlier growth surge, given this time gap.Interestingly, while Ethereum once led with $10 billion in DEX volume, Solana has since closed the gap significantly. In essence, SOL is mirroring Ethereum’s early DEX growth, achieving similar milestones within its first three years. If this trend holds, Solana could overshadow Ethereum’s network activity.Solana exploits Ethereum’s shortcomings
As a result, SOL has consistently led in daily transactions since launch, reaching a peak of 37 million daily transactions, far surpassing Ethereum’s 1.1 million.Together, the high DEX volume and surge in daily transactions underscore Solana developers’ progress toward their goal.Much ground still to cover
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