Solana Leads Daily Activity While Ethereum Holds Eight Times Its DeFi TVL

Solana (SOL) showed more 24-hour address and transaction activity than Ethereum in a Nov. 3 snapshot, while Ethereum's chain-level decentralized finance (DeFi) value locked was about eight times higher. The 24-hour counts were 2.63 million active addresses and 94.65 million transactions for Solana, compared with 495,808 addresses and 1.88 million transactions for Ethereum. These figures count addresses and transactions; they do not establish how many individual people used either network or the value of each transaction. On the chain-level measure of DeFi total value locked (TVL), Ethereum had $43.35 billion and Solana had $5.362 billion in figures dated Nov. 3.