Solana, one of the biggest competitor and proposed Ethereum killer has noticed a spike in recent days which happens to go beyond the trend Bitcoin and Ethereum is following.

Just yesterday, Solana surpassed Ethereum in the number of active wallets and you know what that means, let me give you a hint, big FUD and FOMO.

Upon investigation, I discovered that what most people are doing is position for the upcoming airdrops on the layer 1 blockchain one of which is jito.

But it is very hard for airdrop farmers to make a layer 1 blockchain usage surpass that of Ethereum right, well let's look under the hood of Solana.

Solana is one of the major competitors with Ethereum in the building of smartcontracts and Dapps. Although Solana sacrificed a little of it's decentralization to gain more speed and scalability but even with Ethereum 2.0 implementation of sharding, it is nowhere near Solana speed.

Although Ethereum with a more vast ecosystem boasts of more established developer community with over 2900 Dapps deployed in it's mainnet while Solana has only about 350 Dapps.

But none the less Solana has made a decent run in the previous week despite the whole FTX scandal on it's neck.

BTW, do you know Solana is actually named after a small Southern California city ?

In terms of security, Solana is fairing well to address two out of the three Blockchain trillema, which are security and decentralization.

Well, this is just my 2 cents for today, I hope you will be able to make meaning off it.

Hope you learnt something today, I am ticktalker and I always post crypto/educative contents.

Making each day count in the world of crypto is crucial for success. Plan, research, and learn to stay ahead. Keep pushing, legends! 💪💯

Until next time, stay SAFU.

Please whatever is written in the article above is for educative purposes only. I am not a financial advisor.

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