Solana has broken Ethereum for the first time in 4 years in terms of usage on Nansen, with the highest daily net inflow of funds.

Nansen CEO Alex Svanevik posted that Solana is the most widely used chain, surpassing Ethereum for the first time, along with other relevant data. (Synopsis: SOL's Chris Burniske "starts bullish" ETH at $8 bottom) (Background added: Solana ecological protocol fees hit record highs, top signal or a fundamental shift in the market? This cycle, the Meme coin craze dominates, and the most beneficiaries include Solana, Base... and other ecology. On the evening of (18), Alex Svanevik, CEO of the well-known Block chain analysis platform Nansen, said: Solana has become the most widely used chain on the Nansen_AI platform, surpassing Ethereum for the first time in four years. Solana is now the #1 most used chain on @nansen_ai. First time in 4+ years it's not Ethereum. — Alex Svanevik (@ASvanevik) November 18, 2024 On-chain data: Solana continues to lead in net inflows According to data provided by analytics platform Artemis, Solana has the first net daily inflow, well ahead of Base, which ranks second, and Arbitrum, which ranks third, showing a significant advantage in on-chain activity. In contrast, the volume of the established public chain Ethereum (Ethereum) lags sharply, showing that Ethereum is facing competitive pressure in meme coin application scenarios with high transaction demand. SOL Money Laundering begins to surpass Ethereum According to Artemis data, in the past three months, Ethereum's on-chain fees were higher than Solana's, but after mid-November, Solana's daily fee income reached about $10 million, which has exceeded Ethereum's revenue at the same time, will this be a new turning point in the market? It's worth our continued follow-up. Google Trends Shows SOL Search Boom As the Solana ecosystem continues to expand, it has become a spotlight in on-chain activity, market performance, and user engagement. According to Google Trends data, Solana's search volume has continued to climb over the past few months, especially driven by the Meme coin craze, and SOL's search index has steadily risen as a hot topic among exchanges and users. In contrast, Ethereum has seen a limited increase in search popularity. Google Trends Related Stories Shouting at $8 Bottom SOL's Chris Burniske "Starts Bullish" ETH Solana Ecoprotocol fees hit record highs, top signal or a fundamental shift in the market? SOL surpasses BNB to become the 3rd largest cryptocurrency! Market Cap $113 billion ahead of Starbucks, Sony. This article "Solana broke Ethereum for the first time in 4 years of Nansen usage, and the daily net inflow of funds ranked first" was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".