Solana's Latest Achievement in the Crypto World

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by Giorgi Kostiuk

2 years ago

Solana, also known as the 'Ethereum killer', has set a new record for collecting fees and revenue in 24 hours, surpassing its main competitor.

Solana's Record-Breaking Revenue

The Solana blockchain collected $11.8 million in fees in 24 hours, surpassing Ethereum's figures, as shown by Defi Llama's data. Additionally, Solana generated $5.9 million in revenue, marking a new all-time high for the platform.

The Role of Raydium and Pump.fun

The decentralized exchange Raydium, positioned on the 'Ethereum killer', leads with over $15 million in fees for the day. The Pump.fun launchpad on Solana, known for its meme coins, recorded a one-day revenue of $2.4 million.

Solana's Rally and Prospects

Solana has seen a 295% rally over the past year, becoming the fourth-largest crypto asset with a market cap of $113 billion. The SOL price fell 1.8% in the past 24 hours after reaching $247.

Meme coins have played a key role in Solana's revenue increase, allowing it to surpass Ethereum in terms of fees. This highlights the growing investor interest in the new blockchain platform.

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