Solana (SOL) Way Ahead of Ethereum (ETH) in One On-Chain Metric, Says Popular Crypto Analyst

A popular crypto analyst is Solana (Sol) is Ethereum (ethereum) in one important on-chain metric.

In a new strategy session, the InvestAnswers host told his 443,000 YouTube subscribers that he was eyeing data from blockchain analytics firm Nansen, which said Solana had an exponentially higher number of transactions per day than Ethereum. It shows that there are many functionally.

Ethereum vs Solana daily trades, and in the case of Solana, they are non-voting trades. , which includes all other kinds of related chains.

I thought it would be interesting to see that Solana is up by about 36 million transactions, or a 31x amount. As for the chain and how it is used, according to Nansen, not me, Solana is 31 times more used than he is on Ethereum, which is staggering.

Conversely, analysts say Ethereum still dominates the total value locked (TVL), making up the majority of all TVLs in the crypto ecosystem.

Blockchain TVL represents the total capital held within smart contracts. TVL is calculated by multiplying the amount of collateral locked into the network by the current value of the asset.

As for Total Value Locked (TVL), we can see that EVM, a chain compatible with the Ethereum Virtual Machine, still dominates TVL

This basically means that 80% of the TVL of the crypto economy resides on the EVM chain, which is massive.

TVL itself has really fallen off a cliff quite a bit since the recession. But it’s coming back fast and there’s no doubt he’ll hit $200 billion soon after $140 billion or he’s back at $160 billion. Because everyone is blowing away this winter at breakneck speed.

Me

Don’t miss the beat apply To get encrypted email alerts delivered directly to your inbox

check price action

Please follow us twitter, Facebook When telegram

surfing The Daily Hodl Mix

Check out the latest news headlines

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Sergey Nivens/WhiteBarbie