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Solana Reports $4 Billion Inflows, Hits $240; Generates $2.33M in Royalties and $200M in Fees, Surpassing Ethereum

In a significant development for the cryptocurrency market, Solana has reported inflows of $4 billion from other blockchain networks over the past year, surpassing Ethereum's inflows by $3 billion

By: DeepNewz • November 28, 2024



In a significant development for the cryptocurrency market, Solana has reported inflows of $4 billion from other blockchain networks over the past year, surpassing Ethereum's inflows by $3 billion. This surge in capital has coincided with Solana's price reaching $240, marking a notable milestone.

Additionally, Solana generated $2.33 million in royalties over the last 30 days, outpacing all other chains combined. In terms of protocol fees, Solana's Raydium, Jito, and Solana protocols have collectively surpassed Ethereum for the first time, with Raydium alone generating a record-breaking $200 million in fees during the same period.