EddieJayonCrypto

 20 Dec 23

tl;dr

Renowned analyst Ryan Watkins of Syncracy Capital noted that Solana has surpassed Ethereum in key metrics, including DEX and NFT volumes, active addresses, transaction count, and stablecoin transfers. The surge in Solana prices has led to increased on-chain activities and DeFi TVL. However, running ...

Renowned analyst Ryan Watkins of Syncracy Capital noted that Solana has surpassed Ethereum in key metrics, including DEX and NFT volumes, active addresses, transaction count, and stablecoin transfers. The surge in Solana prices has led to increased on-chain activities and DeFi TVL. However, running Solana nodes is 5X more expensive than Ethereum nodes, despite having a higher throughput. The network has more than 2,900 nodes and is considered more decentralized than Ethereum, although it is acknowledged that decentralization involves more than the number of nodes. Watkins emphasized the importance of continuing to decentralize the developer ecosystem and implementing features like light clients to ensure cheap end-user verification. Solana also plans to release the Firedancer validator client to improve network reliability and scalability.

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