In a notable turn of events, Solana has achieved a major milestone by surpassing Ethereum and other EVM-based Layer-2 solutions in 24-hour volume, as reported by DefiLlama. With Solana’s total on-chain volume rising to $3.654 billion, compared to Ethereum’s $2.397 billion, the platform has become the undisputed leader in blockchain transactions. Even when combined with other top contenders like Arbitrum, Avalanche, Polygon, and Optimism, Solana surpasses them all.
In a notable turn of events, Solana has achieved a major milestone by surpassing Ethereum and other EVM-based Layer-2 solutions in 24-hour volume, as reported by DefiLlama. With Solana’s total on-chain volume rising to $3.654 billion, compared to Ethereum’s $2.397 billion, the platform has become the undisputed leader in blockchain transactions. Even when combined with other top contenders like Arbitrum, Avalanche, Polygon, and Optimism, Solana surpasses them all.
The remarkable feat has caught the attention of Solana’s co-founder, Anatoly Yakovenkowho responded succinctly to the news, acknowledging the platform’s achievement.
However, amid the celebration, skeptics have raised questions about Solana’s centralized betting system and its potential vulnerabilities. Yakovenko addressed these concerns and emphasized the differences between Solana’s quorum control and the multi-signature control seen in Layer 2 solutions.
Additionally, debates have emerged about blockchain’s resilience in the face of regulatory challenges. A hypothetical survey on the viability of various networks under strict government restrictions sparked debate. Yakovenko contributed to the speech, highlighting Solana’s adaptability and suggesting possible adjustments to ensure continued functionality under adverse conditions.
As Solana solidifies its position as a leader in the blockchain space, Yakovenko’s comments shed light on the strength of the platform and its potential for further development. With Ethereum’s dominance challenged and Solana’s rise to prominence, the decentralized finance landscape is on the brink of what could be a transformative shift.
