Solana vs Ethereum:

Solana and Ethereum are two of the most well-known blockchains often compared, but how do they actually differ from one another?

Solana has a faster transaction speed by utilizing a centralized network. Because of this it has lightning-fast and inexpensive transactions (we like that). The transaction speeds are as quick as 400 miliseconds per block. But Solana isn’t perect. In september 2021, Solana network went down not one not two but three times. With the entire network being down for nearly 17 hours. More recently, a solana bridge to the ETH network was also hacked, wich resulted in $320 million of stolen funds.

Ethereum lacks the speed and cost-efective transactions when compared to solana. To compensate for this lack Ethereum has layer-two solutions help provice enhanced scalability and throughput. Its also decentralized

Is Solana or Ethereum more popular?

The tides are shiting in the NFT space. The high-value Ethereum has seen sinking trading volumes the last couple weeks, but Solana NFT’s are still growing. Solana secondary market sales generated nearly 24.3 million during the previous 24 hours (25 may 2022), while Ethereum sales added up to $244 million during the same span across all of the marketplaces it tracks.

Also the leading Solana NFT marketplace Magic Eden has overtaken the top Ethereum marketplace OpenSea in terms of transactions and weekly users.

We think Solana is taking over due to the difference in transaction fee’s

Also the leading Solana NFT marketplace Magic Eden has overtaken the top Ethereum marketplace OpenSea in terms of transactions and weekly users. Solana transaction fees are a tiny fraction of Ethereum’s, making it much more affordable to buy, sell, list and unlist NFT’s