Solana Surpasses Ethereum in User Fees, While Ethereum Leads in Burns
- Solana generated approximately $1.1 million in chain fees over a 24-hour period.
- Ethereum reported $649,423 in fees during the same timeframe.
- Over the last month, Solana’s total chain fees reached $23.58 million, compared to Ethereum’s $12.04 million.
- Ethereum burned $2.8 million in fees, while Solana’s burn was slightly lower at $2.66 million.
- In app revenue, Solana earned $7.7 million versus Ethereum’s $1.9 million within a single day.
The data indicates that while Solana leads in user fee generation, Ethereum maintains a higher burn rate of fees which reduces token supply without direct benefits to holders.
The snapshot reveals that Solana’s fee generation is significantly stronger than Ethereum’s, with daily fees at about $1.1 million compared to Ethereum’s $649,423.(Source)
