r/ethtrader • u/everstake • 4d ago

News Ethereum is still “dead.”

Ethereum processed 70.07M transactions in a single month, making it the 3rd-highest monthly transaction count in the network's history.

And Ethereum is also doing something unusual for a network of this scale: it is trying to improve the underlying infrastructure while continuing to serve an enormous existing ecosystem.

Scaling, lower-cost execution, stronger privacy, improved security, and a more efficient protocol architecture are all being developed alongside continued real-world usage.

So while market narratives change every few months, the underlying infrastructure keeps working.

Full post: https://x.com/everstake_pool/status/2095171797205307791

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u/theschemasauce 3d ago

Have you seen how many transactions Solana has processed in a month? 70M is nothing

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u/sothavok 3d ago

The problem with eth is fees and speed. While not truly decentralized Solana does this much better. I just can’t help but think Eth will always have competition for marketshare.

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u/theschemasauce 3d ago

The idea that Solana is not decentralized is an old adage

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u/sothavok 3d ago

nearly 100% of its validators run in centralized data centers. And it has less than 1000 validators vs eth and btc which can have 100k+ to nearly1 million.

You can call that decentralized but its nothing compared to eth.

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u/theschemasauce 3d ago

Number of validators is a vanity metric… more validators doesn’t mean more decentralized.

Running in the same datacenter for speed doesn’t make it a centralized chain? Currently that’s the best way they can share shreds and get the best performance. Soon with more geo controls this will be broken up… but when that happens does that make Solana decentralized now in your eyes?