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Solana surpasses Ethereum L2 solutions, SOL co-founder reacts

Press Releases Crypto News Crypto-News Solana surpasses Ethereum L2 solutions, SOL co-founder reacts

Solana has outperformed Ethereum and other Ethereum Virtual Machine (EVM)-based Layer-2 solutions in terms of 24-hour transaction volume, reaching a total of $3.654 billion against Ethereum’s $2.397 billion.

The news seemingly piqued the interest of SOL co-founder Anatoly Yakovenko who responded via social media.

SOL’s latest achievement places it at the forefront of blockchain transactions, even surpassing the combined efforts of other significant networks such as Arbitrum, Avalanche, Polygon, and Optimism, according to data provided by DefiLlama.

https://twitter.com/aeyakovenko/status/1769226377440768071

Yakovenko also acknowledged the platform’s success in a response to angel investor and ETH developer Eric Conner.

Observers, however, are debating the implications of Solana’s centralized staking system, with critics pointing out potential vulnerabilities.

In response, Yakovenko has differentiated Solana’s system from the multisig control mechanisms typical of Layer-2 solutions, aiming to address concerns about centralization.

Furthermore, the discussion has broadened to include blockchain resilience in the face of potential regulatory challenges.

Yakovenko has engaged in these conversations, suggesting that Solana could make adjustments to maintain operations under strict government regulations, thereby showcasing the platform’s adaptability.

A comparison between Ethereum and Solana became a topic of discussion following the activation of Ethereum’s EIP 4844.

On March 16, Conner — known for co-authoring EIP 1559 — remarked on the now minimal differences between Ethereum and Solana in terms of user experience.