Solana has recently outperformed Ethereum on key metrics such as daily trading and decentralized exchange (DEX) volume.
However, a new report from pseudonymous researcher Flip Research, published on July 30, suggests that much of Solana's impressive performance may be due to bot activity rather than pure user engagement.
On July 26, Solana averaged 217 transactions per user across 1.3 million active addresses, in contrast to Ethereum, which averaged less than three transactions per user across 376,300 active addresses.