Solana has a very high values of activity metrics cause low fees and many arbitragers/MEV bots

Solana vs Ethereum during Bear Market 2022 (its started at 2021 December)

Ethereum continue leads NFT trend

But solana is catching up it

Solana Active addresses count surpassed Ethereum addresses count

Solana TVL inherited part of previoues Terra Luna tvl according to Defillama

Solana present itself as fastest and most popular L1 chain with the lowest fees and various DeFi protocols among other L1 chains