In terms of 24-hour transaction volume, Solana performed better than Ethereum and other Layer-2 alternatives based on the Ethereum Virtual Machine (EVM).
Blockchain enthusiasts are excited about Solana’s performance, which has surpassed Ethereum’s $2.397 billion in transactions with $3.654 billion.
Anatoly Yakovenko, a co-founder of Solana, was intrigued by this extraordinary accomplishment and praised the platform’s performance on social media. Solana did better than important players like Ethereum itself, Avalanche, Polygon, Arbitrum, and Optimism, according to DefiLlama data.
Although critics have voiced concerns over the potential hazards linked to Solana’s centralized staking mechanism, Yakovenko has upheld the platform’s unique methodology that sets it apart from Layer-2 systems that employ multi-signature control. Additionally, he has stated that Solana might adapt to meet stringent government regulations if needed.
While observers eagerly await more developments, one thing is certain: Solana has cemented its standing as a formidable force, compelling rivals to ponder their next course of action in the rapidly changing cryptocurrencycurrency space.
