Solana is outperforming its competitors in key on-chain metrics, according to data from MarsBit. The blockchain network boasts 98 million monthly active users, five times that of Base. Solana's transaction volume has reached 34 billion, which is 18 times higher than BNB's. Additionally, the total transaction value on Solana stands at $1.6 trillion, surpassing Ethereum by 1.7 times.
The network's application fees have accumulated to $5 billion, doubling Ethereum's, while its revenue has reached $15 billion, 2.4 times that of TRX. These figures underscore Solana's leading position in terms of user engagement and transaction value, as highlighted by Artemis CEO @jonbma.
Solana Dominates On-Chain Metrics with 34 Billion Transactions
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