Comparing DeFi User Behaviour on Solana vs. Ethereum

    This is a side-by-side analysis of DeFi transactions on Solana and Ethereum for the month of October 2024

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    In the first week of October, there were 273K unique DeFi users on Ethereum compared to 3.3M users on Solana. Both figures peaked mid-month with Ethereum going to 330K and Solana at 8.8M. The numbers dropped on both chains towards the end of the month

    On both chains swapping activities were the most popular in October

    Average size of transactions in October on on Solana chain is more than 100 times bigger than on Ethereum , meaning the transaction value of on Solana activities were more.

    On the average, there were more transactions on Solana chain than on Ethereum in October 2024. Solana had the highest average in Week 1 at 29 transactions while Ethereum peaked at Week 2 at 8 transactions.

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    On both chains there was a decline the rate of increase of users