Solana Transaction Volume Crushes Ethereum, But Comprehensive Surpassing Remains Uncertain

BroadChain has learned that at 07:16 on April 21, according to Bitcoinist, the competition between Solana and Ethereum has moved from a battle of potential to a quantifiable stage. Data from 2026 shows that Solana processed nearly 9 billion transactions last month, far surpassing Ethereum's 69 million; its cumulative transaction volume has exceeded 500 billion, significantly surpassing Ethereum's 3 billion. This gap stems from Solana's high-throughput architecture, which enables thousands of transactions per second at low costs, attracting institutions like Visa and Western Union—Western Union plans to issue the USDPT stablecoin on Solana in the first half of 2026, injecting its annual $150 billion remittance volume into the ecosystem. Although Solana has surpassed Ethereum in the number of real asset holders for the first time, its market capitalization is only a fraction of Ethereum's, and Ethereum has strengthened its overall ecosystem by distributing transaction loads through Layer-2 scaling. Solana's rapid growth partly relies on high-frequency trading and Meme coin activities, and whether it can fully surpass Ethereum in dimensions such as capital inflows and developer ecosystems remains uncertain.