CandleFocus Solana Dwarfs Ethereum with Record-Breaking REV: Details
2024-10-25
Author: Content Editor
Solana has achieved its highest daily revenue (REV) to date, with over $11 million, while Ethereum layer-2 solutions only generated $280,000 during the same period. Solana also recorded its largest revenue gap with Ethereum, with nearly $4 million. The Solana blockchain set a new year-to-date high with 9.4 million transactions on October 23. It has surpassed $6.5 billion in total value locked (TVL) and its native token holds the fifth position in market cap. The price of Solana has surged by 11% in the past week, outperforming other major cryptocurrencies. It also reached its highest level against Ethereum. Solana's market dominance is at 3.58%, while Ethereum hit its lowest level against Bitcoin since April 2021.
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