Solana (SOL), duplicated “Ethereum Killer”, has registered the key measurements to justify this name. Over the past 24 hours, the Solana chain fees have exceeded the properties of Ethereum (ETH), as two cryptocurrencies continue to fight users' attention.
Solana exceeds Ethereum's daily payment despite lower TVL
Data Defil Shows that Sol earned $ 1.49 million in fees during the observed period. It was a value of $ 8,841 billion in his total value.
Despite the fact that the higher total value is locked in $ 58,741 billion, Ethereum could only manage only $ 1.09 million chain fees.
Between them
This suggests that Solana sees a more powerful defe activity than Ethereum. This may indicate that users shift to Solana because of their cheaper and faster transaction capacity. As shown on the data, users communicate less with ethereum.
Development has led to Solana outperforming the second largest crypto assembly through the market capitalization of this critical metric.
In the meantime, the advantage of SOL in the wider crypto market is also at the price compared to ETH. Namely, Coinmarketcap in the past 24 hours data Shows that Sol takes the lead among Altcoins.
As of the press time, the price of SOL has increased by 5.01% compared to ETH, which has increased by 2.27%.
In addition, although both coins have a decrease in trading volume, SOL decreases by 5.78% to $ 3.96 billion while ETH has diving Significantly 25.16% to $ 14.06 billion.
Ethereum is preparing for protocol updates
As U.Today announced, Peter Brandt recently predicted that Solana's value could double in the main technical indicators compared to ethereum. The legendary trader thought that Ethereum would grow weaker as Solana rose.
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This suggests that the exceeding the ethereum chain fees may indicate more developments.
However, Ethereum's ecosystem does not exceed its hands on this challenge. Blockchain has just approved the EIB 7907 version update and Ethereum Pectra plans to live in Mainnet in May 2025 in May. Moving may affect ethereum growth dynamics.
