Bernstein Says Solana is Leading Blockchain Payments Battle
Reading Time: < 1 minute
According to a report by Bernstein analysts, the Solana network has emerged as a frontrunner in integrating blockchain payments, taking advantage of the current market conditions of increased liquidity and positive investor sentiment.
The company believes that Solana’s simple, single-layer design, as compared to the complex Layer 2 networks on Ethereum, has allowed for direct access to cryptocurrency exchanges.
The network’s high speed and low transaction fees have also contributed to the growth in settlements using stable coins.
However, while Solana holds a dominant market share (43%) in terms of the value of stablecoins transferred, Ethereum still leads in terms of the volume of native stablecoins issued ($2.2 billion vs $26.4 billion).
Follow and like us on
