Ether Rival Solana Catches Attention of Big Institutional Players As SOL Investment Products Witness 27 Straight Weeks Of Inflows
Are you tired of waiting for slow blockchain transactions? Do you want a network that can handle lightning-fast speeds with ease? Look no further than Solana, the Ethereum killer that is taking the crypto world by storm.
Solana has just achieved a major milestone by becoming the fastest blockchain in the world, processing a jaw-dropping 95 million transactions in a single day. This record-breaking speed has solidified Solana’s reputation as the cheetah of the cryptosphere, leaving other networks in its dust.
According to a recent report by CoinGecko, Solana leads the pack with the highest daily average transactions per second (TPS) at 1,053 TPS. This impressive speed has earned Solana the title of “Ethereum killer,” as it surpasses other networks like Sui, Binance Smart Chain, and Polygon by a wide margin.
Even established networks like Bitcoin and Ethereum are struggling to keep up with Solana’s speed. Ethereum recorded an average peak TPS of 22.8, while Bitcoin processed just 10.7 transactions per second. Solana’s peak performance of 1,504 TPS on April 6, 2023, was a true feat of engineering, making it approximately 46 times faster than Ethereum.
Despite its lightning-fast speed, Solana has only achieved 1.6% of its theoretical maximum TPS of 65,000, showing room for even more growth. With its exceptional performance and market confidence, Solana is poised to revolutionize the digital transaction landscape.
But is Solana truly an “Ethereum killer”? While Solana offers scalable solutions for a decentralized ecosystem, it has faced criticism for network outages in the past. However, with its recent achievements and market momentum, Solana is proving that it has the potential to compete with the big players in the blockchain world.
So if you’re tired of waiting for slow transactions and want a network that can handle high speeds with ease, look no further than Solana. With its record-breaking performance and market confidence, Solana is set to change the game in the world of blockchain technology.
