According to DefiLlama, Solana has accomplished a noteworthy milestone in a stunning turn of events by outpacing Ethereum and other EVM-based Layer-2 solutions in 24-hour volume. With a total chain volume of $3.654 billion as of right now, Solana leads Ethereum in blockchain transactions by a wide margin ($2.397 billion). Solana surpasses all other competitors, including Arbitrum, Avalanche, Polygon, and Optimism, when combined.
Anatoly Yakovenko, a co-founder of Solana, was alerted to the amazing achievement and gave a brief response to the news, praising the platform’s accomplishment.
Notwithstanding the festivities, some have brought up concerns over Solana’s centralised staking mechanism and its possible weaknesses. In response, Yakovenko emphasised the distinctions between the multisig control seen in Layer-2 systems and Solana’s quorum control.
Furthermore, conversations on blockchain resiliency in the face of regulatory obstacles have come up. Debate was generated by a fictitious survey on which networks would remain viable under stringent government regulations. Yakovenko added to the discussion by emphasising Solana’s flexibility and outlining possible modifications to guarantee continuous operation in challenging circumstances.
Yakovenko’s comments highlight the platform’s resilience and room for growth as Solana solidifies its place as a pioneer in the blockchain industry. The decentralised banking scene is about to undergo potentially revolutionary transformation as a result of Solana’s ascent to popularity and challenges to Ethereum’s supremacy.
