Solana outperforms Ethereum on numerous metrics
According to Yohan Yu, “Solana has outperformed Ethereum on several metrics this week, but a recent research paper in X claims that most of this activity is being done by bots.”
On the other hand and according to an article, published by pseudonymous researcher Flip Research on July 30, found a suspiciously high count of daily transactions per user on Solana.
Solana recorded an average of 217 transactions per user on July 26 across 1.3 million active addresses. By comparison, Ethereum only recorded fewer than three transactions per user across 376,300 active users.
According to Blockworks Research, Solana's USD 25 million in total commissions in the week of July 22 exceeded Ethereum's total commissions of USD 21 million. Solana also recorded the highest 30-day DEX volume in the industry.
Flip Research's analysis of these low liquidity pools suggests that they are retired projects, a common type of exit scam that has been gaining popularity among memecoins fraudsters.
SOURCES CONSULTED
Cointelegraph. Bots suspected of pushing Solana over Ethereum — Research. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
I was beginning to think that attention may have shifted from Sol to Ton, but I guess I was wrong. Solana still has the center stage, even though some of these numbers may have been influenced by bots.
Excellent read buddy.
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