Solana, known as the 'Ethereum killer,' has achieved significant success in fee collection, surpassing Ethereum. Data shows that DeFi activity on Solana is increasing.
Comparison of Solana and Ethereum Fees
According to data from DefiLlama, Solana earned $1.49 million in fees over the last 24 hours, with a total locked asset value of $8.841 billion.
In contrast, Ethereum, with a total locked value of $58.741 billion, only managed to collect $1.09 million in fees.
Price Growth Metrics
Solana also leads Ethereum in price growth, with SOL increasing by 5.01% over the last 24 hours, while ETH rose by 2.27%. However, both assets are experiencing a decline in trading volumes, with SOL down 5.78% to $3.96 billion, while ETH fell by 25.16% to $14.06 billion.
Upcoming Ethereum Upgrades
Despite the intense competition from Solana, Ethereum continues to evolve, having approved the EIP 7907 upgrade, with Ethereum Pectra expected to launch on the mainnet in May 2025.
Solana is demonstrating a notable superiority over Ethereum in fees and price growth, which may indicate greater user interest in the platform in the current market conditions.
