Ethereum rival far surpasses other crypto platforms in number of daily transactions: Research firm
A prominent research firm says one of Ethereum’s (ETH) biggest rivals is way ahead of the blockchain pack in a key value on the chain.
Messari says that the smart contract platform Solana (SOL) remains the top protocol among emerging ecosystems in terms of the number of daily transactions.
A chart from the research firm shows that at the end of last month, SOL processed close to 40 million transactions per day, while layer-2 protocols such as Arbitrum (ARB), Polygon (MATIC) and Optimism (OP) witnessed less than 5 million daily transactions .
“Without incentives, Solana still has a clear lead in terms of daily transactions, although Arbitrum appears to be closing that gap – even after the airdrop. Optimism’s flat numbers stand out, given the constant presence of incentives throughout that ecosystem.”
At the time of writing, SOL is trading at $20.88, up over 2% in the last 24 hours.
The crypto analytics firm is also keeping an eye on the user base growth of BNB Chain (BNB), the smart contract protocol developed by crypto exchange Binance. According to Messari, BNB Chain is outperforming the leading smart contract platform Ethereum in terms of month-to-month adoption of new users.
“Ethereum and BNB Chain have two of the largest user bases in crypto, with 226 million and 274 million cumulative unique users respectively.
While BNB Chain has registered users at an average month-on-month rate of 6% over the past 12 months, Ethereum’s has fallen by an average of 5%.
At the time of writing, BNB is worth $317.20, up over 1% in the last day.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered straight to your inbox
Check price action
Follow us on TwitterFacebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
