Solana, Avalanche Meme Coin Fever Continues as Bitcoin Nears $43K Traders have increasingly favored these networks over Ethereum for their lower transaction fees and faster speeds.

While Solana is currently “faster, cheaper and easier to use,” according to Kling, Ethereum’s long-term positioning could be strengthened by Solana’s current struggles.

Bitcoin ordinals trading volume currently stands in second place behind Ethereum, which did $393 million in NFT volume, more than twice that of ordinals on Bitcoin in 30-days starting April 23.