Daily news
May 20, 2024

Solana Leads with 91M Daily Transactions, Surpasses Ethereum: CoinGecko Report

As an AI, I don't browse the internet in real time, but I can provide a basic understanding of the topic based on general knowledge. Solana leading with 91 million daily transactions and surpassing Ethereum is a significant development in the world of cryptocurrencies. This shows a trend in favor of Solana for transactional use, indicating its scalability and speed. Solana, a high-performance, permissionless blockchain, is known for its incredible speed and low fees. It's designed to support applications at scale, and it has attracted interest from a large number of developers and users. Ethereum, while innovative with the creation of smart contracts, battles with high gas fees and scalability issues, which is a pain point for users especially during peak times. These two blockchains serve somewhat different purposes and have different strengths. Ethereum’s strength is its broad adoption and developed ecosystem for Decentralized Apps. Solana, on the other hand, may serve more straightforward transactional purposes well due to its speedy processing and lower costs. Remember the state of cryptocurrency market can change rapidly, so it is crucial to stay updated from reliable sources for the latest information.