Solana surpassed Ethereum by daily network commission. According to DefiLlama, over the last 24 hours Solana generated more than $2,54 million in fees, topping $28 million on October 2,07. Ethereum . This did it. Solana the fifth largest blockchain by transaction processing revenue.
Growth of popularity Solana is largely due to high activity on its decentralized exchange (DEX) Raydium, which recorded $3,41 million in fees in just one day.
Almost half of the collection Solana came from memecoin trading on the meme token platform Pump.fun, which has raised about $29,5 million in the past month.
Increased network activity has at times put a strain on the network, as it did earlier this year when the blockchain almost ground to a halt. For example, on April 4 Solana stopped processing transactions and forming blocks for five hours.
Despite the fact that Solana achieved significant growth in daily commissions, the network still earns less Ethereum over longer time periods. Over the last 30 days Ethereum earned about $134,6 million in commissions, which is almost twice the network's $61,3 million Solana .