CandleFocus

Solana beats Ethereum in a key metric 3 months in a row

Author: Content Editor
In December, Solana's protocols in the decentralized exchange industry were the most active, with a volume of over $97 billion, surpassing Ethereum's volume of $74 billion. This marks the third consecutive month that Solana has outperformed Ethereum. The increase in Solana's volume can be attributed to the popularity of meme coins, with Raydium being the most active network handling coins worth $65 billion in the last 30 days. Solana's success has also been reflected in its native apps, generating a record $365 million in revenue in November and earning $725 million in fees in 2024, making it the third-most profitable chain after Ethereum and Tron. Solana's lower fees and higher throughput have made it appealing to developers and users. Additionally, Coinbase's layer-2 network, Base, has experienced significant growth, with its DEX networks handling over $181 billion in assets and its total value locked reaching $2 billion in 2024.

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