Solana Ethereum Killing Days Return? Dominates Inflows and Fees

Key Takeaways:

  • Solana inflows hit $4 billion, $3 billion higher than Ethereum’s inflows.
  • Solana generated $200M fees and $2.33M royalties, surpassing Ethereum’s performance.
  • Whale activity boosted Solana’s market cap to $350 billion, reinforcing its dominance.
Solana inflows Ethereum killer SOL ETH USD
Solana Back To Its Ethereum Killing Days? Outpaces Ethereum in Inflows and Fees.

YEREVAN (CoinChapter.com)—Solana reported $4 billion in inflows from other blockchain networks over the past year, $3 billion more than Ethereum’s inflows during the same period. The increase highlights a shift in blockchain network activity, favoring Solana’s ecosystem.

Solana ecosystem inflows Ethereum
Solana Ecosystem Flows: $4.02B In One Year. Source: X

The rise in inflows aligns with Solana’s recent price peak of $263. The network continues to attract users due to its performance, speed, and cost-efficiency. This growth has positioned Solana as a prominent competitor to Ethereum in the blockchain space.

Solana price chart
Solana Price Chart. Source: TradingView

In contrast, Ethereum has seen positive price movements, reaching a five-month high of $3,630. However, its inflow figures remain significantly lower compared to Solana’s.

Solana Generates $200M in Fees and $2.33M in Royalties

Over the last 30 days, Solana’s protocols have generated $200 million in fees, surpassing Ethereum during the same timeframe. Raydium, a key Solana protocol, led this performance with record-breaking fee generation.

Solana also recorded $2.33 million in royalties, outpacing all other blockchain networks combined. The high royalty earnings highlight the growing adoption of Solana-based applications.

While maintaining a significant market share, Ethereum did not match Solana’s recent fee and royalty performance.

Whale Accumulation Drives Solana Growth

Whales have been actively accumulating Solana, reinforcing its strong market presence. Two wallets linked to the same holder withdrew 250,000 SOL (approximately $60 million) from Kraken in the past month.

Despite a recent correction following its all-time high of $263, Solana’s price remains robust. The current average trading price is $239.13, with a 24-hour trading volume of $3.76 billion.

Solana market cap, $350B growth, 30-day volume, crypto gains, blockchain performance
Solana Market Cap Surge. Source: CoinMarketCap

Solana’s cumulative ecosystem market cap has surged past $350 billion, securing its position as the fourth-largest cryptocurrency. Whale activity continues to support Solana’s market performance, ensuring sustained momentum.

Leave a Comment

Related Articles

Our Partners

SwapCoin.com RapidCoin.com ChangeNOW.com Paybis.com WestcoastNFT.com