Introduction

• Total transactions of swap program ( Solana VS Ethereum ).
• Daily Transactions per Swap Program ( Solana VS Ethereum ) in 2022.
• Daily Transactions per Swap Program ( Solana VS Ethereum ) in last month.
• Total Number of NFT ( Solana VS Ethereum ).
• Top 10 NFT projects based on the number of sales ( Solana VS Ethereum ).
• Top 10 NFT projects based on the number of sales volume ( Solana VS Ethereum ).

Market cap

High. Ethereum is the second-most-popular cryptocurrency available (behind Bitcoin),The current market cap of Ethereum is $178.90B. A high market cap implies that the asset is highly valued by the market..

Technology

Becoming more sustainable. Ethereum uses a proof-of-work mechanism, which has been criticized for slow speeds and the amount of energy used by miners to validate transactions. Ethereum is moving to a proof-of-stake system in an attempt to address these issues.

Pricing

High. As the second-most-popular cryptocurrency, Ethereum is fairly expensive. One ETH coin costs about $1,367.

Transaction fees

Volatile. Ethereum Average Transaction Fee is at a current level of 0.6679, up from 0.5885 yesterday and down from 6.855 one year ago. This is a change of 13.49% from yesterday and -90.26% from one year ago.

Market cap

Low. Solana is relatively new to the cryptocurrency market, and its market cap is about $11B. However, it is still among the top 9 cryptocurrencies by market cap.

Technology

Fast and innovative. Solana created a process to validate transactions called proof-of-history. This new technology allows Solana to operate as one of the fastest blockchains available.

Pricing

Low. Solana is still growing, so investing in SOL is more affordable now. The price of one SOL coin is about $32.

Transaction fees

**Consistent.**The higher block time and block size are why the Solana network offers an incredibly low transaction fee of just $0.00025 per transaction. This price makes Solana one of the blockchains with the cheapest transaction fees.

Why you might choose Solana

Innovative technology and faster transaction speeds

Solana’s blockchain network runs on an innovative consensus mechanism that Solana created called proof-of-history, or PoH.

When processing blocks via proof-of-stake, PoH builds time stamps into the blockchain, which helps the network operate faster. Solana’s PoH system has allowed it to become one of the fastest blockchain networks.

In recent years, Solana has been gaining traction in the NFT and DeFi ecosystems because it's cheaper and faster to use than ethereum.

Its blockchain processes 50,000 transactions per second, and its average cost per transaction is $0.00025, according to its website.

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Why you might choose Ethereum

Popularity and usership When compared with Solana, Ethereum is the more popular

cryptocurrency by a fairly wide margin. Ethereum’s market cap is about $178.90B, which is substantially higher than Solana’s market cap of $11B. Both blockchains were built to support decentralized applications (also known as Dapps), which allow developers to create their own projects, blockchains and cryptocurrency tokens. Ethereum is more popular in this category as well.

However, it’s important to note that Solana launched in 2020, whereas Ethereum has been around since 2015. There’s a chance that Solana is simply too new to compete with Ethereum’s popularity now, but in its short existence, Solana has rocketed into the top 9 largest cryptocurrencies by market cap. Currently, Ethereum can handle 15 transactions per second.

The success or failure of the Ethereum merge this year, when the blockchain will move from an energy-intensive proof-of-work system to a more sustainable proof-of-stake system, could be a good indication of which cryptocurrency might win the long-term battle for market share.

Ethereum vs Solana NFT: Security

Ethereum is more secure than Solana. It’s 5 years older than Solana which means new security issues are less likely to be introduced. Also, Ethereum is considered to be more decentralized considering Everstake (Solana’s single biggest validator), controls more stake than half of the network’s validators combined. 

Ethereum (Proof-of-Work)

Ethereum currently uses a proof-of-work (PoW) mechanism to secure its network. In simple terms, PoW requires members of the network to expend effort solving an arbitrary mathematical puzzle to prevent anybody from gaming the system. PoW is thought to be one of the most secure consensus mechanisms in blockchain technology.

PoW is also the reason why Ethereum remains so decentralized, as it allows for all transactions to be handled peer-to-peer without the need for an intermediary.

To be fair, Ethereum won’t be using its PoW consensus mechanism for much longer though as the network is currently in the process of being upgraded to a proof-of-stake (PoS) mechanism. There are numerous steps to this upgrade which started in 2021 to ensure Ethereum remains one of the most secure blockchain networks. As a result, the upgrade likely won’t be completed until sometime in 2024.

It’s important to note that in the meantime, Ethereum’s security is not affected by the ongoing upgrade.

Solana (Proof-of-History)

Solana uses a Proof-of-History (PoH) timing mechanism that is implemented prior to facilitating its Proof-of-Stake (PoS) protocol structure. PoH is a consensus methodology that applies the measurement of time into a blockchain ledger with the intent of scaling and streamlining transactional throughput. While most blockchains run without a timestamp, PoH acts as a decentralized clock, allowing Solana network nodes to execute transactions without committing processing power to resolve minor differences in time and order.

Though PoH enables Solana to function much quicker than Ethereum, it lacks security. In fact, DeFi safety, an independent DeFi rating organization, ranked Solana as the second-worst blockchain when it comes to security according to their technical standards.

Eth or Ether is the only cryptocurrency of Ethereum that can be used for making any payment. Also, thousands of collectible tokens or NFTs are stored and tracked on the Ethereum blockchain.

That being said, it’s safe to say that Ethereum NFTs are likely more secure than Solana NFTs overall.

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Ethereum vs Solana: User Adoption

The success of a blockchain depends on how many people use the network. It’s no surprise that Ethereum is more popular considering it’s been around much longer than Solana, and it will always have that benefit over Solana and other newer blockchains.

Even though Solana may not be as popular as Ethereum, it still has a community of over 600 hundred thousand dedicated users, respectively. Obviously, it’s not as great as Ethereum, but there is still great potential to build something meaningful using Solana.

Whether you are considering investing or creating your own NFTs, you need to consider how many people use the blockchain network you’re considering using.

This is because the more extensive the platform is, the more opportunity you have to be successful. As an NFT creator, you want to choose a network that offers you more buyers, and similarly, buyers want to be on a network where they can find more sellers.

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Ethereum vs Solana NFT: User Friendliness

One of the important factors to consider when comparing networks is their user-friendliness.

If a platform is too complicated to use, it will likely never reach mass adoption. And if a network fails to support the users’ needs, sooner or later, another network will occupy the space.

Ethereum is the most user-friendly NFT blockchain thanks to its many dapps and users. Since Ethereum is the most popular NFT blockchain, most of the innovation has occurred on this network. As a result, there are many tutorials and efforts to ensure Ethereum is easy to use for everyone.

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Ethereum vs Solana: Speed

Speed is one of the biggest advantages that Solana has over Ethereum. Unlike Ethereum, Solana doesn’t store data internally. As a result, it can power up to a theoretical 65,000 TPS.

This is an important factor for user experience, as a slow network translates to higher transaction fees. Since blockchain fees are calculated based on how busy the network is, it’s no wonder why Ethereum gas fees have the potential to rise above hundreds of dollars just to complete a transaction.

Which Is A Better Investment?

Ethereum NFTs are more valuable than Solana NFTs making them a better investment. Not only do NFTs on Ethereum date back further (making them more valuable), but most well-known creators and brands utilize this blockchain for their NFTs. Additionally, practically all blue chip NFTs exist on Ethereum. In my opinion, you never know when an opportunity might arise though. Just because Ethereum has the most valuable NFTs today doesn’t mean that someone isn’t working on building something really cool right now, on Solana.

So, Should You Choose Ethereum or Solana For NFTs?

It’s hard to say which blockchain is the best for NFTs. That’s why trying each one out for yourself is the best option for determining the best choice for you and your needs.

Overall, both Ethereum and Solana are two excellent networks for NFTs. Ethereum is the more popular and secure option. But when it comes to high speed and low fees, Solana is a newer network with huge potential.

• Total transactions of swap program on Solana is 427,044,514.
• Total transactions of swap program on Ethereum is 95,221,933.
• 88% of the total transactions of swap program on Solana allocated to Jupiter aggregator v2, which is the highest in Solana.
• 73% of the total transactions of swap program on Ethereum allocated to uniswap v2, which is the highest in Ethereum.
• Jupiter aggregator v2 is the highest in Solana, followed by is orca with 7% of total transactions.
• uniswap v2 is the highest in Ethereum, followed by is uniswap v3 with 16% of total transactions.

Conclusion

• Jupiter aggregator v2 is the highest in Solana, followed by is orca with 7% of total transactions.

• uniswap v2 is the highest in Ethereum, followed by is uniswap v3 with 16% of total transactions.

• Total transactions of swap program on Solana is 427,044,514 and in Ethereum is 95,221,933.

• In last month we can see that all transactions of swap programs on Solana and Ethereum has mostly steady trend line.

• Total Number of NFT on Ethereum is over 8K and on solana is about 1K.

• ABC is the highest in Solana, followed by is citizens by solsteads with 13.8% of number of sales.

• Opensea is the highest in Ethereum, followed by is ens with 6.3% of number of sales.

• Okay bears is the highest in Solana, followed by is Solana monkey business with 15.7% of number of sales volume.

• Town star is the highest in Etherem, followed by is f1 delta time inventory with 12.2% of number of sales volume.

• In the end, both Solana and Ethereum are robust blockchain platforms that have their own native cryptocurrencies. Each platform has some major advantages but Ethereum is much more popular than Solana.

• In any case, Ethereum is higher than Solana, in:

  • Market cap
  • Technology
  • Pricing
  • Transaction fees
  • Security
  • User friendliness

• With comparing both networks in 2022, we can see that all the transactions of the swap programs in Solana have a downward trend.

• All transactions of swap programs, except for sushiswap, which mainly has a steady and decreasing trend, on Ethereum show increasing and uptrend.

• In last month we can see that all transactions of swap programs on Solana and Ethereum has mostly steady trend line.

• Total Number of NFT on Ethereum is over 8K and on solana is about 1K.

• 15.5% of the total number of sales on Solana allocated to ABC, which is the highest in Solana.
• 66% of the total number of sales on Solana allocated to opensea, which is the highest in Ethereum.
• ABC is the highest in Solana, followed by is citizens by solsteads with 13.8% of number of sales.
• Opensea is the highest in Ethereum, followed by is ens with 6.3% of number of sales.

• 28.4% of the total number of sales volume on Solana allocated to Okay bears, which is the highest in Solana.
• 62.5% of the total number of sales volume on Ethereum allocated to town star, which is the highest in Etherem.
• Okay bears is the highest in Solana, followed by is Solana monkey business with 15.7% of number of sales volume.
• Town star is the highest in Etherem, followed by is f1 delta time inventory with 12.2% of number of sales volume.

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