In the past 24 hours, Solv Protocol has outperformed Solana in protocol fee revenue, ranking 6th among top DeFi platforms.
Solv Protocol Overtakes Solana
According to DefiLlama, Solv Protocol generated $1.48 million in fees, surpassing Solana, which collected $1.24 million, and Uniswap, which earned $1.15 million. This growth has established Solv Protocol as a leader in the BTCFi ecosystem with a total value locked (TVL) of $1.4 billion.
Other High-Earning Crypto Projects
DefiLlama's data shows Tether leading with $13 million in fees, followed by stablecoin issuer Circle with $4 million. In third place is Lido, an Ethereum staking platform, with $2 million.
Future of Solv Protocol with SOLV Token
With the upcoming launch of SOLV, the native token of Solv Protocol planned for the second half of 2024, the platform is drawing more attention. Its rise in fee revenue signifies a growing presence in the ever-evolving DeFi landscape.
The success of Solv Protocol highlights its significance in the DeFi space, opening new avenues for future growth.