Solana Outperforms In Terms Of Monthly Active Users, Says Co-Founder

Anatoly Yakovenko, a Co-Founder of Solana, explains how the public blockchain platform with smart contract functionality is competing with Ethereum (ETH) and other rivals.

Yakovenko spoke with Circle co-founder and CEO Jeremy Allaire, and pointed out is ahead of other smart contract platforms, including Ethereum and layer-2 scaling solution Polygon, in terms of the active daily users.

“Solana has about two million monthly active users, and we’re seeing daily active users sometimes break what Polygon and Ethereum are seeing, like 300,000 or so daily active signers.

That, to me, is a really important metric because it signals that there’s more real human activity, more people doing something on this chain that’s valuable to them. That’s really exciting.”

According to the Co-Founder, Solana aims to have as many developers and entrepreneurs launch their products on the blockchain network as possible. He explains the vision going forward and believes that Solana could one day service a 100 million users.

“The thing we are actively trying to enable is all these new entrepreneurs to launch their projects, launch their products…

What I want to see is if we actually hit 1,000 teams building something in the hackathon. Ten thousand? Can we make this even bigger? Because if that’s happening, if you actually get to a point where there are thousands of devs building something, then the 100 million users are just around the corner.

You cannot stop that wave.”

At the time of writing, Solana’s native token SOL is trading at $81.18, down 0.5% on the daily time frame.