Solana overtakes Ethereum in daily active users
Solana is back in the headlines after surpassing Ethereum in daily active users. Recent data shows that Solana has registered over 1.4 million active wallets compared to Ethereum’s 1.2 million. This is an important milestone for the blockchain that is often labeled as the “Ethereum killer.”
This growth comes from increased activity in Solana-based DApps, GameFi projects and memecoins. Popular tokens like Dogecoin and BONK continue to attract new users daily. Fast transaction speeds and consistently low gas fees have also played an important role. Recent network improvements helped address earlier concerns and improved overall reliability.
Increasing institutional interest and market influence
Institutional interest in Solana is also increasing. Grayscale recently added SOL to one of its crypto funds, boosting investor confidence. In addition, speculation about a potential Solana ETF later this year has kept SOL in the headlines. These developments pushed the price of Solana above $160 at the time of writing.
Overall, Solana has a real impact beyond price action. User activity and ecosystem development show strong momentum. Although it is still too early to say whether Solana will overtake Ethereum in all areas, the data clearly indicates increasing competition. The battle for the top Layer-1 spot is intensifying.