Solana Surpasses Ethereum in Daily Users Amid The Recovery.

According to Artemix's data, #Solana📈🚀🌐 , which has shown a significant change in the cryptocurrency world, has recently surpassed Ethereum in terms of the number of daily active users. Solana's user count grew from just over 200,000 on November 7 to 356,300 on November 11. This increase put Solana ahead of Ethereum, which had 330,000 users on the same day.

The increase in Solana's user base comes after a turbulent period for the digital asset. The cryptocurrency experienced a dramatic 96% drop in price between November 2021 and January 2022, falling from its peak of $250 to below $10. This decline was largely attributed to the broader bear market and the high-profile bankruptcy of cryptocurrency exchange FTX.

Despite these challenges, Solana has shown strong signs of recovery. As reported by DeFi Llama, its price has increased by 145% in the last four weeks, while the total value locked (TVL) on DeFi protocols has witnessed a 62% increase. Factors contributing to this recovery include the "firedancer" upgrade to the Solana network and easing fears of a potential sale of #SOL by #FTX's estate.

In addition to these improvements in network performance and asset value, Solana's non-fungible token (NFT) market has also seen a significant increase. Crypto Slam reported a 35% increase in #NFT sales volume last month.

While Solana's recent metrics are impressive, Ethereum continues to maintain a larger overall user base considering Layer 2 networks. Token Terminal data shows that #Ethereum has more than 800,000 users on these networks and is responsible for 80% of the activity in its ecosystem, according to L2beat.

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