A different ecosystem seems to have followed a path while the wider crypto market spent its February 2026 stumbling around in a world of uncertainty.
DeFi Dev Corp., (DFDV), has released new data that shows Solana [SOL] The number of transactions that were processed in February was up 11% from January.
This is notable because major networks such as Ethereum [ETH] You can also find out more about the following: Bitcoin [BTC] Market sentiment has weakened, causing activity to slow.
What are the other chain’s performance?
Following BNB Chain, the second largest network after Solana with around 424,000,000 transactions, is behind Solana.
The term “This means” is used to describe the following: Solana The network’s on-chain activities are dwarfed by other networks.
Source:
DeFi Dev Corp./X
Data also shows a significant trend in the Ethereum Ethereum’s primary network, which is near the bottom in terms of transactions recorded (62 million), has a very small ecosystem.
Ethereum: is it in trouble or not?
Ethereum’s main blockchain saw a significant drop in transactions. However, the overall ecosystem did not decline.
Layer-2 networks offer faster and cheaper transactions.
Base, for example, which is the Layer-2 Network backed by Coinbase and has a strong retail component, handled 316,000,000 transactions. Arbitrum and Optimism, which both continue to be stable, recorded 123 and 68 millions transactions, respectively.
It is possible that Ethereum has no real competition. Its own scaling networks gradually absorb most of the activities, but even these networks fall behind Solana’s transaction volume.
Solana makes a strong push for institutional reform
Solana received strong support not only from network participants but also institutional investors.
Spot Solana Exchange Traded Funds (ETFs) have seen their share of success. attracted Farside Investors data shows that there were around $950 in net inflows.
SOL also saw a downward trend in price, similar to other assets who struggled for direction during February. decline It was trading at around $90.09, up 7.46% in 24 hours.
In addition, the following coincided AMBCrypto reported that Solana held 53% (or $15.34 Billion USDC) supply of USDC, which makes it one of largest hubs of stablecoin activity.
What do the numbers say?
Santiment shows Solana’s net realized profit/loss was largely negative in late January and into February. The majority of bars were red. The red bars indicate that many token holders sold their tokens as the prices fell.
Glassnode
A major surge in losses of $1.3 billion was recorded early on February, which suggests a panic-sale wave as SOL fell sharply, from $140 down to under $90.
The size of the bars that indicate the selling pressure has decreased since then. This is because the price stabilization between $80 to $90 indicates that the sales pressure is decreasing.
It is possible that most of the forced sale has already taken place, as the market enters a stable phase.
But despite these strong figures, the question is: will this momentum last in the coming months, or are market conditions likely to begin slowing it down?
Final Summary
- Solana is far superior to other competing blockchains when it comes to raw activity.
- Data on actual losses suggests that most of the selling panic may have taken place already, and the selling pressure is gradually decreasing as the prices stabilise.
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Source: ambcrypto.com
