Despite serious problems (the last bug led to the blockchain platform being down for four hours), Solana has proven to be more popular with new users than Ethereum over the past 30 days. This was reported by S◎L Legend in ATX {6666}, co-Founder of MonkeDAO — Solana’s first community-owned and operated NFT DAO (for those of you not familiar, a DAO is a decentralized autonomous organization that has no employees, no boss, and no physical location headquarters).
“Solana has 18 million unique signers for last 30 days. Compares to 5.7 million for ETH”, — he twitted.
The unique signers metric was devised earlier to track the new users within the ecosystem.
Solana blockchain has grown in popularity in the NFT and DeFi ecosystems because transactions there are faster and cheaper than on the Ethereum platform. Solana processes 50,000 transactions per second at an average fee of $0.00025 each, while Ethereum processes only 13 transactions per second at a much more expensive fee.
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Solana is currently the 9th among the largest cryptocurrencies in terms of market capitalization ($13.4 bn, according to CoinMarketCap). Solana’s price fell more than 12% this month after the second blockchain failure in the last month. For several hours, validators on the network were unable to process new blocks, and as a result, applications on the Solana blockchain were shut down.
According to a prediction by Changelly, the minimum cost of Solana expected in 2022 will be $59.08. The maximum level price can reach is $68.27. The average trading price is expected around $61.46. Wallet Investor has estimated this cryptocurrency could hit at least $124.877 in a year.
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