Solana (SOL) and Avalanche (AVAX) are two of the biggest Ethereum killers in the crypto industry. The Solana token is esteemed at over $33 billion, while Avalanche is $20 billion. These tokens have come under pressure over the past few months, with AVAX down more than 47% from its 2021 high. Solana’s performance is even worse, because its token is down 61% from its all-time high. This article will compare avax vs solana and determine which asset is better to choose.
Arguments in favor of Solana
It is a top blockchain project known for its rate and efficiency. According to the official website, Sol can process up to 2000 transactions per second. This platform is used to create the most famous applications in the world.
For example, it was used to create Brave Browser, a platform more than 50 million people used every month. Solana also built StepN, a fast-growing fitness app and NFT platform. StepN’s GMT token has gained more than 20,000% in value over the past few weeks. Another app built on the Solana platform is Audius, which aims to revolutionize music streaming.
Solana is also widely used in the Decentralized Finance (DeFi) sector. Its total locked-in value (TVL) is more than $6.77 billion, well below the cap of $14 billion. Some of the best Solana-based apps include:
- Marinade Finance;
Although the Sol ecosystem is growing, there are signs that the number of transactions on the network is decreasing. This may pose risks to the network. As well as mana vs sandbox, you can find many features to think about.
Arguments in favor of Avalanche
Avalanche is another blockchain project that aims to dethrone the Ethereum network. Like Solana, this project is famous for its extremely high speed. This network has been developing rapidly in the last few months. As a result, its total value locked in DeFi exceeded $10 billion, and Avalanche ranked fourth in network size.
Like Solana, Avalanche uses some of the best-known developers in the industry, such as AAVE, Trader Joe’s, BENQI, and Curve. It has also been recognized by leading platforms such as 1inch, Alliance Block, Arweave, Atlantis World, Avalaunch, etc.
When choosing between the Solana and the Avalanche, I think the Avalanche is the better investment. This network has higher bandwidth and is exponentially growing thanks to its incentive programs.