Comparison between Solana & Ethereum

Solana is often referred to as the ethereum killer which makes it a hand in hand competitor with ethereum.

Ethereum uses a proof of work and proof of stake which was done during the ethereum merge.

Solana has been using proof of stake and proof of history consensus mechanism ever since the beginning .

Ethereum is older than solana so it is normal for it to have more users than solana but judging at the rate at which solana is moving , it might on ebay surpass ethereum in the number of users.

Ethereum’s DEX volume currently stands at $1.41 billion, per the data provider, followed by Solana’s $780 million DEX volume.

That is a great competition really going on.

Solana automates the transaction ordering process for blockchains. This is how the protocol is able to achieve such high transaction per seconds rates. Solana Blockchain was actually built to overcome and improve ethereum shortcomings.