Try Quests to earn SOLOpen Analytics Bounty: ETH vs Solana
What is Solana?
Solana is a cryptocurrency that was designed to work similarly to and improve upon Ethereum. Named after a small Southern Californian coastal city, Solana is the brainchild of software developer Anatoly Yakovenko.
Yakovenko first proposed the innovative blockchain in 2017, and Solana launched in March 2020. It’s quickly become a popular crypto, ranking among the top 10 cryptocurrencies by market cap.
In recent news, the Solana ecosystem experienced a hack on Aug. 2. Blockchain investigators and crypto investors allege there was a private key compromise that allowed hackers to steal Solana tokens, known as SOL, from Slope, Phantom and TrustWallet. Users reported that their funds were drained from these “internet-connected” wallets.
Solana Status, which is run by the Solana Foundation, tweeted about the incident: “After an investigation by developers, ecosystem teams, and security auditors, it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications. This exploit was isolated to one wallet on Solana, and hardware wallets used by Slope remain secure. While the details of exactly how this occurred are still under investigation, but private key information was inadvertently transmitted to an application monitoring service.”
Estimates of the damage vary, with reports of more than $6 million in digital assets being stolen.
What is Ethereum?
Ethereum is the first programmable blockchain, which enables developers to build decentralized applications using its general-purpose smart contracts feature. The Ethereum blockchain can also be used for non-fungible tokens (NFTs) and decentralized finance (DeFi) apps. Ethereum was built with the intention of being everything to everyone and serving a broad range of specialized applications. And that is precisely what it does. It offers security and a complete set of tools to build any decentralized application.
The blockchain’s native asset is ether (ETH), and it is also used for paying the gas fees for transactions. However, Ethereum is currently undergoing a proof-of-stake (PoS) transition, which will bring several benefits to the network, including lower costs.
Introduction to my dashboard :
- In this dashboard I have reviewed NFT Mints on both networks on 2022.
- The items mentioned in this dashboard about NFT Mints :
- Number of Mints // Amount of Mints // Number of Buyers (per day and per month)
- Average Number of Mints // Average Amount of Mints // Average Number of Buyers (per day and per month)
- Number of Mints // Amount of Mints // Number of Buyers of both (per day and per month)
Single numbers above calculated for total statics of NFT mints on Solana which, we get some results in the following :
- In 2022 there has been 14.79M NFT mints which for each day from beginning of 2022 until today there has been 58K mints for each day on Solana.
- In 2022 there has been 7.34B $SOL amount of NFT mints which for each day from beginning of 2022 until today there has been 28.8M $SOL amount of mints for each day on Solana.
- In 2022 there has been 0.91NFT minters which for each day from beginning of 2022 until today there has been 16.25 minters for each day on Solana.
Total statics of Ethereum
Single numbers above calculated for total statics of NFT mints on Ethereum which, we get some results in the following :
- In 2022 there has been 64.1M NFT mints which for each day from beginning of 2022 until today there has been 251K mints for each day on Ethereum .
- In 2022 there has been 6.14M $ETH amount of NFT mints which for each day from beginning of 2022 until today there has been 24.1K $ETH amount of mints for each day on Ethereum .
- In 2022 there has been 2.73M NFT minters which for each day from beginning of 2022 until today there has been 23.4 minters for each day on Ethereum .
Daily statics of Solana and Ethereum
As shown on line charts above drawn for daily statics on Solana and Ethereum we see that number of mints and number of buyers for solana has been bearish and for Ethereum has been bullish, amount of mints for both charts is mostly steady with some huge spikes like March 21 and May 25 for Solana and June 16 for Ethereum.
March of 2022 has been very busy month for Solana NFT as shown here and also May 25 as shown here which there has been lots of NFT mints happened, that explains the surge on that month on Solana.
- May has had highest number of mints in 2022 with 18.4% and 2.7M mints
- March has had highest amount of mints in 2022 with 35.9% and 2.63B volume
- January has had highest number of minters in 2022 with 16.4% and 0.242M minters
- And as shown on monthly chart all 3 statics of Solana has been decreasing
Monthly statics of Ethereum
- July has had highest number of mints in 2022 with 12.7% and 380K mints
- June has had highest amount of mints in 2022 with 25.4% and 1.55M volume
- July has had highest number of minters in 2022 with 14.8% and 9.42M minters
- And as shown on monthly chart all 3 statics of Ethereum has been increasing until certain date then decreasing
Daily statics of both Solana and Ethereum
- Daily and monthly number of mints has been increasing for Ethereum and decreasing for Solana.
- Daily and monthly amount of mints has been steady for Ethereum and decreasing for Solana.
- Daily and monthly number of minters has been increasing then decreasing for Ethereum and decreasing for Solana.
Over all Results
- As shown on Total statics of Solana and Ethereum section, Ethereum’s all total and average statics has been higher than Solana.
- Ethereum’s average number of mints is 4.3 times of Solana’s
- Ethereum’s average minters is 1.44 times of Solana’s
- As shown on Daily statics of Solana and Ethereum section, Ethereum’s number of mints and number of minters has been bullish unlike Solana’s.
- Solana volume surged 53 times on daily chart compared to its previous day on it’s highest surge.
- Ethereum volume surged 1.5 times on daily chart compared to its previous day on it’s highest surge.
- As shown on monthly statics of Solana and Ethereum, May, March and January has been important month for Solana NFT market and June and July has been important months for Ethereum NFT market. and Ethereum’s statics has been increasing for most of 2022 unlike Solana that has been decreasing in 2022