Nhu Thuy Huynh
@nhuthuy
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58 Followers
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Solana could overtake Ethereum, on-chain metrics suggest
Solana’s protocol fees, a small percentage of the transaction value that is collected to maintain and facilitate trade on the blockchain, is nearly two times that of Ethereum in November 2024.
While the monthly date is incomplete, available data suggests Solana has collected $343.96 million in protocol fees against Ethereum’s $178.65 as of Tuesday, November 19. For a blockchain, once liquidity providers are paid, protocol fees add to the project’s revenue.
The metric, therefore, suggests higher revenue for Solana, compared to Ethereum, in October and November 2024. 0 reply
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