Solana may outperform Ethereum amid increasing network activity

Solana is outperforming Ethereum in April. SOL has risen 3.45%, while ETH has lost 14.37%. The difference highlights increasing investor interest in alternative blockchains with lower transaction costs and higher performance. 

Due to growing user engagement, the SOLETH pair hit a record high of $0.08043. The number of daily active addresses within Solana’s ecosystem reached 6.2 million. At the same time, the volume of daily transactions hit 96.1 million. Stablecoin availability has also risen to $12.6 billion, indicating increasing liquidity on the network.

Solana saw $25.4 million in investments over the past week, while Ethereum posted an outflow of $8.8 million. SOL strengthens its position in DeFi and NFT and sets the stage for further growth, Coinotag reports.