Crypto: Solana Challenges Ethereum And Aims For $200.

Solana takes the lead in transactions in the crypto world, surpassing giants like Ethereum and Layer-2 solutions. With a volume of $1.6 billion in 24 hours, the future of the crypto asset SOL looks brighter than ever.

Historic.

Solana is doing more volume than THE ENTIRE ETHEREUM + L2 ECOSYSTEM in the last 24 hours.

Bullish on $SOL. pic.twitter.com/E8UM2fiAlC

— gumshoe (@0xGumshoe) October 20, 2024

Solana surpasses Ethereum in terms of transaction volume

According to the data, Solana records a higher transaction volume than Ethereum and its Layer-2 solutions (notably Arbitrum and Optimism). This reflects the strong demand for the Solana crypto network.

With over $1.6 billion in volume, Solana far exceeds Ethereum’s $751 million. Certainly, Layer-2 platforms like Base and Arbitrum have recorded respective growths of 22% and 47%. Nevertheless, they remain well below the performances of Solana.

Solana, a growing crypto ecosystem

The rise of Solana is also linked to increased activity on the chain. Recently, the crypto network has indeed seen a rush of users thanks to the launch of new projects like Pump.fun. This is a portal dedicated to professional traders.

This initiative has significantly boosted activity, creating a heightened demand for SOL crypto tokens. Investors are therefore convinced that the price of Solana could soon reach the symbolic mark of $200. This breakout above September’s peaks seems to mark the start of a wider rally.

A promising future for crypto Solana?

With a constantly increasing transaction volume and innovative projects in development, Solana could continue to challenge the big names in crypto like Ethereum and BNB Chain.

The platform is also benefiting from growing adoption, particularly in the context of a bullish market referred to as “Uptober“. If this trend continues, the crypto asset SOL could break new heights, thus consolidating its position among the leaders of the blockchain ecosystem.

One thing is certain: Solana is increasingly establishing itself as a key player in the crypto ecosystem. Its dynamism in the cryptocurrency market and the growing interest from investors make it a project to watch closely.