Solana beats Ethereum in weekly total fees for the first time — Research
On July 28, Solana topped $5.5 million in daily total fees, the highest for the network in three months.
Layer-1 blockchain Solana surpassed rival Ethereum in weekly total fees for the first time in the week of July 22, clocking approximately $25 million in revenue versus Ethereum’s $21 million , according to Blockworks Research.
The purported “Ethereum killer” has been on a tear in 2024, aided by an ongoing frenzy of celebrity coin trading hosted largely on Solana-based memecoin platforms such as pump.fun and Moonshot. Memecoins now exceed $50 billion in total market capitalization.
Related: Pump.fun flips Ethereum in 24-hour revenue generation — DefiLlama
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Author: Alex O’Donnell
