SOLANA OUTPERFORMS ETHEREUM
Solana's value rose to $165 : what happened behind the scenes
The Solana $SOL blockchain has outperformed the Ethereum $ETH network in terms of profitability for the first time, leading to a sharp rise in the value of SOL. Network analyst Dan Smith drew attention to this significant event in a recent post on X. He noted that Solana's economic value has surpassed $2.2 million dollars. In comparison, Ethereum's economic value is around $1.98 million dollars.
On May 12, Solana generated more total economic value than Ethereum for the first time in a single day - Dan Smith
The chart accompanying the update shows the economic value generated by both Solana and Ethereum from February 14 to May 12, 2024. This value is calculated based on transaction fees and miner extraction value (MEV).
