Decentralized exchange (DEX) Raydium on Solana outperformed Ethereum in 24-hour revenue on Oct. 21, according to DefiLlama. Raydium generated $3.4 million in fee revenue, surpassing Ethereum's $3.35 million. Ethereum's revenue dropped significantly after the March Dencun upgrade slashed transaction fees by 95%. Despite Ethereum's dominance over networks like Solana, it has occasionally lagged behind platforms such as Raydium. Raydium, the leading DEX on Solana, boasts a total value locked (TVL) of $1.8 billion. Solana, on the other hand, earned $2.67 million on Oct. 21, slightly trailing Ethereum. Additionally, Pump.fun, a Solana memecoin tool, has previously exceeded Ethereum's revenue. Ethereum has accumulated $3 billion in transaction fees since 2015, with future projections suggesting a potential $66 billion in annual free cash flow by 2030, driving ETH's price to $22,000 per token. Read more AI-generated news on: https://app.chaingpt.org/news