The crypto market looks good this week, following more corrections. The week began in full force with most of the important coins trading in the green.
An important crypto analyst is comparing Solana and Ethereum, and you can see the winner below.
ETH vs. SOL
A popular crypto analyst says Solana (SOL) is showing promise. It’s essential to note that SOL leads Ethereum (ETH) in one critical on-chain metric.
In a new strategy session, the host of InvestAnswers said not too long ago that he’s got his eye on data from blockchain analytics firm Nansen showing Solana with exponentially more transactions per day than Ethereum.
“Ethereum versus Solana daily transactions and for Solana they are non-vote transactions. They are actual transaction transactions. The staggering numbers here, just to put it into perspective: Ethereum did… 1.1 million transactions a day.”
He continued and said that that includes all of the other kind of related chains.
He also had this to say about Solana:
“Solana is up at nearly 36 million transactions or 31 times the amount, so I just thought that was interesting to look at. So in terms of chains and how they are used, Solana, per Nansen, not me, is 31 times more used than Ethereum which is staggering.”
On the other hand, the analyst notes that Ethereum still dominates total value locked (TVL), taking the lion’s share of all TVL in the crypto ecosystem.
Important moves in the crypto space
According to the latest reports, the platform Paradigm has partnered with crypto exchange FTX.
It seems that they are planning to launch spread trading, allowing users to take advantage of pricing dislocations with “cash-and-carry” plays.
Blockworks online publication notes the fact that spread trades involve buying one security and selling another related security.
Stay tuned for more news, and make sure to keep your eyes on the market.