The Block Research recently shared a post on X (formerly Twitter) stating that out of all the top Layer-one (L1) blockchains, only Solana [SOL] registered an increase across all metrics.

Based on the data presented, other L1s, like Ethereum [ETH] and Tron [TRX], had a significant increase in stablecoin supply.

Solana was also not ruled out, indicating increased interest in the cryptocurrency sector.

The graph shows that the growth in stablecoin supply across several blockchains indicated that market players had the buying power to drive broad price hikes.

But in terms of daily transactions, fees, and demand for their tokens, Solana outperformed Ethereum and Tron.

Solana: The Ethereum killer

Even as SOL is touted to be the “Ethereum killer,” Solana Labs co-founder Anatoly Yakovenko seems to agree with the idea of using Ethereum as a layer-2 for the Solana blockchain.

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Author: AMBCrypto Team

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