Based on the number of daily active users, Solana (SOL) is outperforming its layer-1 blockchain rivals. However, when it comes to other key metrics such as speed and scalability, Telos (TLOS) is a worthy candidate to follow closely in 2022 and beyond.
Source: The Daily Hodl
As reported by The Daily Hodl, Solana (SOL) co-founder Anatoly Yakovenko is unveiling how the smart contract platform is outperforming competing Ethereum (ETH) challengers.
In a new interview with Circle co-founder and CEO Jeremy Allaire, Yakovenko says that the number of active daily users on Solana exceeds that of other smart contract platforms, such as leading altcoin Ethereum and layer-2 scaling solution Polygon (MATIC).
“[Solana has] about two million monthly active users, and we’re seeing daily active users sometimes break what Polygon and Ethereum are seeing, like 300,000 or so daily active signers.
That, to me, is a really important metric because it signals that there’s more real human activity, more people doing something on this chain that’s valuable to them. That’s really exciting.”
Yakovenko says that Solana’s goal is to have as many developers and entrepreneurs launch their products on the blockchain network as possible. He lays out the path that he believes would see Solana one day reach a staggering 100 million users.
“The thing we are actively trying to enable is [allowing] all these new entrepreneurs to launch their projects, launch their products…
What I want to see is if we actually hit 1,000 teams building something in the hackathon. Ten thousand? Can we make this even bigger? Because if that’s happening, if you actually get to a point where there are thousands of devs building something, then the 100 million users are just around the corner.
You cannot stop that wave.”
Solana is exchanging hands at $81.20 at the time of writing, a 10% decrease from its seven-day high of $90.42.
SOL vs TLOS: How does Telos compare?
Even though SOL Layer-1 has at the time of writing exponentially more active users on a daily basis, this is simply just one metric.
Users per Protocol
When looking at other key factors such as transactions per second (TPS), blocktime, programming language etc., key metrics accounting for speed and scalability, Telos wins:
Telos vs Solana vs Cardano vs Polkadot vs Fantom Comparison
Based on these third-party comparisons, Solana scores second place only.
For Web 3.0 commerce and entertainment to thrive, dApps need speed, capacity, affordability, energy efficiency, decentralization and even decentralized file storage. Telos’ ecosystem is set to deliver exactly that.
Can Telos gain more traction, increase its market share and daily active users base in 2022?