On October 21, decentralized exchange (DEX) Raydium surpassed the Ethereum network in 24-hour revenue. Raydium earned $3.4 million in daily protocol fees, while Ethereum earned $3.35 million, according to DefiLlama data.

Ethereum is trying to recover from the revenue loss after the Dencun update in March reduced transaction fees by about 95%. While Ethereum generally outperforms other blockchains like Solana, it can sometimes lag behind protocols like Raydium.

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