Solana (SOL) continues to outperform Ethereum on several core blockchain metrics. While Ethereum handles 15 to 30 transactions per second (TPS), Solana processes between 2,600 and 4,000 TPS. As a result, Solana runs about 173 times faster than Ethereum. In addition, Ethereum fees rise and speed is reduced when the network is used heavily unlike Solana which maintains low fees and fast transaction times at all times.
Solana’s ability to handle many transactions at a low cost has attracted many developers. In 2024, data from Dune Analytics showed that 89% of all new token launches occurred on Solana. This places it at the center of new blockchain developments.
Its price went from $8 during the bear market to $294 peak which is a 37x increase. Although a market correction affected major cryptocurrencies in April, Solana remained resilient. The token dropped to $96 but has rebounded over 80% . Right now, the price is near $180 and analysts suggest it could break above the $220 level.
Solana has a market capitalization of about $88.31 billion. In the past 24 hours, the exchange saw a trading volume of $4.86 billion. The Solana Foundation continues to stabilize the network as well as add more DeFi and Web3 features.
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