Solana Overtakes Ethereum in Active Wallets – Is the Flippening Near?
Solana has achieved a major milestone — surpassing Ethereum in daily active wallets. According to recent on-chain data, Solana reached 1.2 million daily active addresses, overtaking Ethereum's 1.09 million. This surge is largely driven by the booming memecoin culture and high-throughput dApps on Solana like Jupiter Exchange and $WEN.
Unlike Ethereum, Solana offers low fees and ultra-fast confirmations, making it ideal for micro-transactions and meme trading. Developers are flocking to the chain thanks to its vibrant ecosystem and recent updates to Solana's runtime, which reduced congestion during peak hours.
While Ethereum still dominates in TVL and institutional DeFi, Solana is quietly building user traction. If the momentum continues, we might witness a "flippening" — not in market cap, but in user-level dominance.