The crypto competition is heating up! 🔥 Solana is on the verge of overtaking Ethereum in terms of transaction fees, which could happen this month or even this week1. Here’s a quick breakdown:
Transaction Fees: Solana’s transaction fees are incredibly low, costing around $0.00025 per transaction, which is significantly cheaper than Ethereum’s fees that can sometimes reach tens of dollars2.
Economic Value: On May 7th, Solana’s total economic value was reported at $2.8 million, closely tailing Ethereum’s $3.1 million3.
This is a clear sign of Solana’s growing influence in the blockchain space, challenging Ethereum’s long-standing dominance. Keep an eye on these two as they race towards blockchain supremacy! 🏁💹