1. Home
  2. Altcoins
  3. Ethereum Rival Far Outpacing Other Crypto Platforms in Number of Daily Transactions: Analytics Firm
Ethereum Rival Far Outpacing Other Crypto Platforms in Number of Daily Transactions: Analytics Firm

Ethereum Rival Far Outpacing Other Crypto Platforms in Number of Daily Transactions: Analytics Firm

0

Source: Daily Hodle

A prominent analytics firm says one of Ethereum’s (ETH) biggest rivals is way ahead of the blockchain pack in one key on-chain metric.

Messari says that smart contract platform Solana (SOL) remains the top protocol among emerging ecosystems in terms of daily transaction count.

A chart from the analytics firm shows that late last month, SOL was processing close to 40 million transactions per day, while layer-2 protocols such as Arbitrum (ARB), Polygon (MATIC) and Optimism (OP) were witnessing less than 5 million daily transactions.

“Without incentives, Solana still maintains a distinct lead in terms of daily transactions, though Arbitrum seems to be closing that gap – even post-airdrop. Optimism’s flat numbers stand out, considering the constant presence of incentives throughout that ecosystem.”

Source: Messari/Twitter

At time of writing, SOL is trading for $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 outpacing leading smart contract platform Ethereum in terms of onboarding new users on a month-to-month basis.

“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 onboarded users at an average month-on-month rate of 6% throughout the last 12 months, Ethereum’s has fallen at an average of 5%.” 

Source: Messari/Twitter

At time of writing, BNB is worth $317.20, up over 1% in the past day.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any 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

The post Ethereum Rival Far Outpacing Other Crypto Platforms in Number of Daily Transactions: Analytics Firm appeared first on The Daily Hodl.

Go to Source
Author: Daily Hodl Staff