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<a href="https://crypto.news/tag/solana/">Solana </a>has outperformed Ethereum and other Ethereum Virtual Machine (EVM)-based Layer-2 solutions in terms of 24-hour transaction volume, reaching a total of $3.654 billion against Ethereum’s $2.397 billion. 
The news seemingly piqued the interest of SOL co-founder Anatoly Yakovenko who responded via social media. 
SOL’s latest achievement places it at the forefront of blockchain transactions, even surpassing the combined efforts of other significant networks such as <a href="https://crypto.news/arbitrum-reducing-gas-fees-dencun/">Arbitrum</a>, Avalanche, Polygon, and Optimism, according to data provided by <a href="https://defillama.com/chains" target="_blank" rel="noopener">DefiLlama</a>. 
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Yakovenko also acknowledged the platform’s success in a response to angel investor and ETH developer Eric Conner. 
Observers, however, are debating the implications of Solana’s centralized staking system, with critics pointing out potential vulnerabilities. 
In response, Yakovenko has differentiated Solana’s system from the multisig control mechanisms typical of Layer-2 solutions, aiming to address concerns about centralization. 
Furthermore, the discussion has broadened to include blockchain resilience in the face of potential regulatory challenges. 
Yakovenko has engaged in these conversations, suggesting that Solana could make adjustments to maintain operations under strict government regulations, thereby showcasing the platform’s adaptability. 
 You might also like: <a href="http://Solana sets new record: 816k new users join amid Dogwifhat’s 400% price rally"> Solana sets new record: 816k new users join amid Dogwifhat’s 400% price rally </a> 
A comparison between Ethereum and Solana became a topic of discussion following the activation of Ethereum’s<a href="https://crypto.news/ethereum-core-devs-to-discuss-getting-eip-4844-considered-for-inclusion/"> EIP 4844</a>. 
On March 16, Conner — known for co-authoring EIP 1559 —<a href="https://twitter.com/econoar/status/1768859587862728970" target="_blank" rel="noopener"> remarked </a>on the now minimal differences between Ethereum and Solana in terms of user experience. 
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 Solana's centralized staking cabal can shut down and coordinate to restart the chain at will, in discord Their cognitive dissonance driven founders will argue all day on twitter however that L2s are the end of Ethereum You are all being trolled in real time <a href="https://t.co/hkH92Jlzrc" target="_blank">https://t.co/hkH92Jlzrc</a>— eric.eth (@econoar) <a href="https://twitter.com/econoar/status/1769229636683338110?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">March 17, 2024</a>
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Post-EIP 4844, both networks offer similar transaction fees, operational speed, and compatibility with major on-chain wallets, with fees now below one cent. 
Conner responded to views shared by Messari co-founder Qiao Wang, who had relayed insights from a longstanding Ethereum (ETH) user and expressed frustration with the current state of Ethereum, citing its slow performance and lack of refinement as major issues. 
The narrative further expands with the successful implementation of Ethereum’s <a href="https://crypto.news/dencun-is-finally-live-did-it-actually-reduce-fees/">Dencun upgrade</a> on March 13, which introduced “blob” data to significantly reduce fees for Ethereum-based Layer-2 solutions, marking a step towards parity in user experience between the two leading blockchain networks. 
 Read more: <a href="https://crypto.news/solana-jupiter-top-gainers-memecoin/"> Solana, Jupiter are top gainers amidst meme coin craze </a>

Solana surpasses Ethereum L2 solutions, SOL co-founder reacts

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