Graphite: L1 Blockchain That’s On Track to Outperform Ethereum, Solana, Ripple, and Cardano by 2025

Graphite Network: A Revolutionary Layer 1 Blockchain Redefining Trust According to a Footprint Analytics’ research report from November 2024, Layer 1 (L1) blockchains reached a valuation of $2.8 trillion, becoming the focal point of the ongoing crypto bull run. However, unlike the bull run of 2020 and 2021, when Ethereum dominated the space with over $1 million in daily fees, the spotlight in 2024 has shifted to another L1: Solana. In order to evaluate the performance of Ethereum and Solana, examining the statistics of both networks provides a clearer picture.

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