đšSolana Overtakes Ethereum in Revenue! đ°đ
đ Solana just stole the spotlight from Ethereum, earning $25 million in weekly revenue compared to Ethereumâs $21 million. The memecoin craze is fueling this surge, with Solana's network seeing intense activity. đžđ¶
đ” Most of Solanaâs revenue comes from MEV tips and transaction fees. Analyst Dan Smith notes, âSolanaâs validators and stakers are benefiting greatly.â The network hit a record $5.5 million in daily revenue on July 28, its highest in three months.đ
Despite Ethereum's dominance with $60 billion in total value locked (TVL) compared to Solanaâs $5.5 billion, the gap is narrowing. Memecoins are proving to be quite the money-makers! đ
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