Coinbase said in a study that Solana’s on-chain activity currently compares favorably to Ethereum, suggesting that SOL may be undervalued relative to ETH.

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Coinbase said in a study that Solana's on-chain activity currently has an advantage over Ethereum, indicating that SOL may be undervalued relative to ETH. The study also stated that Solana's market value is only about 4.3% of Ethereum's, but its on-chain daily active users account for about 43.7% of Ethereum's daily active users, and its daily transactions are about 17 times that of Ethereum. (CoinDesk)

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ETH+0.38%

SOL+2.39%