Former director of Solana Foundation: Solana may surpass Ethereum in terms of DApp

Author: Zoltan Vardai, CoinTelegraph; Compiler: Deng Tong, Golden Finance

Matty Taylor, co-founder of Colosseum and former growth director of Solana Foundation, said in an interview, Solana blockchain will surpass Ethereum in consumer applications:

“ As the last year has shown, Solana will continue to outperform Ethereum, bringing consumer applications and end-user experiences to the level of Web3 and leveraging the performance of the chain Create fast and user-friendly applications."

According to data from Alchemy, there are currently 1,668 decentralized applications (DApps) on the Ethereum network, which is part of the Solana ecosystem. More than three times the 477 in the system.

Solana is often hailed as the so-called Ethereum killer because it has higher transaction throughput than Ethereum volume and faster transaction finality.

FTX’s collapse and subsequent bear market was a grim moment for the Solana ecosystem, which has attracted increasing The more developers there are. According to Taylor:

“In the last three to four months, as we came out of the bear market, everyone realized that Solana as a network has gone through what most L1 ecosystems have gone through. Big tough times, [like] Mount Gox versus Bitcoin...the 2020 bear market, but Solana is stronger than ever and has more developers building on it."

According to data from DefiLlama, Ethereum’s total value locked (TVL) is currently $49.7 billion, more than 10 times Solana’s $4.01 billion TVL.