Solana and Ethereum

Solana is putting pressure on Ethereum by achieving 60 million transactions each day.

In comparison, Ethereum (ETH) manages only 1.2 million daily transactions, whereas Solana (SOL) has demonstrated a remarkable performance with an average of 60 million transactions per day.

The total value locked in Ethereum has fallen from a peak of $107 billion in November 2021 to $64.5 billion now.

On the other hand, Solana, which saw its value plummet to $210 million at the beginning of 2023, has rebounded to a new high of $12 billion.

These developments have prompted Vitalik Buterin, the co-founder of Ethereum, to propose significant changes to the leadership structure of the Ethereum Foundation, though this has sparked criticisms over potential violations of decentralization principles.