Summary

For both Solana and Ethereum, a significant effect of visa has not been observed.

On the Ethereum blockchain, an increase in transfer size does not result in a change in fees. However, on the Solana blockchain, an increase in transfer size leads to an increase in gas fees.

For Ethereum, the direction of netflow has always been positive, indicating that the TVL of USDC has continuously increased, and a significant volume of USDC has been converted to other tokens. In contrast, although the direction of USDC flow on Solana is positive, indicating a net inflow, the overall amount of USDC entering pools is lower, indicating the inflow and outflow are relatively balanced.

Comparing the distribution of USDC holders on the two blockchains shows that the number of USDC holders on the Ethereum blockchain is larger.

Since December 2022 up to April 2023, there has been an increase in both transaction volume and number. However, after that, there was a significant decrease, especially in transaction numbers. In the last month, transactions reached about 16 million.

Comparing USDC : Solana vs. Ethereum