CandleFocus Solana (SOL) Scores Major Win Over Ethereum: Details
2024-11-20
Author: Content Editor
Solana has surpassed Ethereum in daily network fees, with its fees reaching $11.26 million in the past 24 hours compared to Ethereum's $6.3 million. This surge in fees reveals a growing network activity for Solana, which is potentially setting the stage for a significant price increase. Solana has also outperformed Ethereum in terms of trading volume on decentralized exchanges (DEXes) in the past week. With a current market cap of $114 billion, Solana's price has increased by 11% in the past week and is currently trading at $240.28. If Solana can maintain its current activity levels and avoid technical setbacks, it may regain its 2021 high of $259.52.
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