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Solana or Avalanche? Which is better between SOL or AVAX?

Solana and Avalanche are the two biggest Ethereum-killers. The Solana token is valued at over $33 billion while Avalanche has a market cap of over $20 billion. The market cap of Avalanche is $77 billion. AVAX has fallen by more 47% since its high point in 2021.. Solana’s token has fallen by 61%, which is…

Solana and Avalanche are the two biggest Ethereum-killers. The Solana token is valued at over $33 billion while Avalanche has a market cap of over $20 billion. The market cap of Avalanche is $77 billion. AVAX has fallen by more 47% since its high point in 2021.. Solana’s token has fallen by 61%, which is worse than its previous high. This article will compare Solana and Avalanche.

The case for Solana

Solana is a leading blockchain project that is known for its speed and efficiency. According to its website, Solana can handle as many as 2,000 transactions per second. It has been used to create some of the most well-known applications worldwide.

For example, it was used to create Brave Browser which is used by over 50million people each month. It was also used to build StepN, a fast-growing fitness and NFT platform. StepN’s GMT token has risen by more than 20,000% in the past few weeks. Audius is another app that was built on Solana’s platform. It is disrupting music streaming.

Solana is also widely used in Decentralized Finance (DeFi). It has a total locked value (TVL), of over $6. 77 billion, which is lower than its all-time high of over $14 billion. Marinade Finance, Serum and Raydium are just a few of the most popular applications developed in Solana.

The Solana ecosystem is expanding, but there are indications that transactions are decreasing in the network. This could pose a threat to the network.

The case for Avalanche

Avalanche is another blockchain project that is looking to disrupt Ethereum’s network. It is well-known for its lightning fast speeds, just like Solana. In the last few months, the network has experienced a rapid growth. As a result, its total value locked in DeFi has risen to more than $10 billion, making it the fourth-biggest network in the industry.

Like Solana and Curve, Avalanche is used by many of the most well-known developers in this industry, including Trader Joe, BENQI and AAVE. Avalaunch, Alliance Block and Arweave have all adopted it.

Between Solana, Avalanche and I believe that Avalanche makes a better investment. It has a higher throughput, and it is growing exponentially because of its incentive programs.

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