DeFi

Celestia

Bloom

<p>Nick White, COO of Celestia, has made bold statements about Solana’s potential to dethrone Ethereum, causing a stir in the crypto world. Here’s a look at Solana’s strengths that make it a formidable contender in the race for the most performant blockchain.</p>
<h2 id="h-solana-the-rival-that-shakes-ethereum">Solana, the Rival That Shakes Ethereum</h2>
<p>Nick White’s optimism about <a href="https://www.cointribune.com/en/crypto-solana-dethrones-ethereum-in-stablecoin-transfer-volume/" target="_blank" rel="noopener noreferrer nofollow">Solana’s promising future</a> is not mere speculation. The COO of Celestia backs his claims with tangible facts, starting with the striking similarity between block filling on Solana and Ethereum, a key indicator of Solana’s growing adoption. “<em>Solana’s blocks are filling up at the same rate as Ethereum’s</em>,” he stressed.</p>
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<p>The <a href="https://coingape.com/solana-emerges-as-ethereum-successor-celestia-coo/" target="_blank" rel="noopener noreferrer nofollow">data</a> shared in a recent Solana blog post further bolsters White’s confidence. Indeed, a screenshot highlights the network’s remarkable computing power, with peaks at 48 million CU during periods of high congestion. This technical feat is a testament to Solana’s efforts to ensure scalability and accessibility for users.</p>
<p>In the face of these remarkable advancements, Celestia’s COO is full of praise and calls on the crypto community to “admire and respect” Solana’s monumental progress in the blockchain field.</p>
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<h2 id="h-trading-volumes-in-full-bloom">Trading Volumes in Full Bloom</h2>
<p>Technical fundamentals are not Solana’s only assets in the race for leadership. Adoption figures reflect a growing enthusiasm among investors for its ecosystem.</p>
<p>Raj Gokal, co-founder of Solana Labs, recently celebrated the record volumes achieved by Solana’s decentralized exchanges (DEXes), which now closely follow those of Ethereum with a peak at $50 billion in weekly volume according to DeFiLlama.</p>
<p>This surge in volumes, driven by a significant increase in Solana’s market capitalization, confirms the market’s appetite for DeFi solutions built on the network. A strong signal that supports Nick White’s thesis about Solana’s potential to reshuffle the crypto universe.</p>
<p>On one hand, technical performance, and on the other, adoption dynamics: the picture painted by Nick White is that of an <a href="https://www.cointribune.com/en/crypto-solana-shakes-the-foundations-of-ethereum/" target="_blank" rel="noopener noreferrer nofollow">accelerating Solana ecosystem</a>, with serious arguments to claim the spot as the premier blockchain protocol. While it’s still a long road to dethrone a giant like Ethereum, Solana appears to have the weaponry to claim the title of number one contender.</p>
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Crypto: Solana, the next Ethereum? Celestia’s COO has no doubt

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