Solana has surpassed Ethereum in daily transaction count for the third consecutive week, processing over 40 million transactions per day compared to Ethereum's 1.2 million on the base layer. The gap highlights Solana's growing appeal for high-frequency applications.
Decentralized exchange activity and meme coin trading continue to drive much of Solana's volume. The network's SOL token has appreciated 18 percent month-over-month as a result.
However, critics note that many Solana transactions are low-value or bot-driven, and Ethereum's layer-2 ecosystem processes substantially more economic value overall.
