The fees and revenue chart for the Solv protocol shows that fees for the 24-hour period totaled $1.48 million, and revenue for the 24-hour period totaled $295,637.
fees at the beginning of October were $122,900,000. It #rose slightly to $202,000 on the second day of the month and even more on the third day to $1.5927 million. Yesterday, it peaked at $1.48 million, and today it's at $427.06 million.
According to a post on Wu Blockchain's X website, Solv Protocol's impressive results have made it the highest TVL holder in the BTCFI (Bitcoin Financial Infrastructure) ecosystem.
Since April, Solv Protocol's TVL has grown significantly: while it was only $109.52 million on April 3, it peaked at $1.403 billion on June 17; it reached $1.555 billion, the highest of the year; and on August 31, it reached $1.565 billion, the highest of the year.
Solana's 24-hour commission was $1.24 million, slightly less than Solv Protocol's. However, its 24-hour turnover amounted to US$617,634, which is significantly higher than Solv Protocol's. On Oct. 1, commissions totaled $1.12 million. The next day, commissions rose to $1.4 million, and on the third day, they dropped slightly to $1.24 million.
Uniswap's 24-hour commission was $1.15 million, significantly less than Solv Protocol's; on Oct. 1, it was about $2.36 million and has been steadily declining since then. Yesterday it was US$1.15 million, and today it is US$1.1 million.
In conclusion, such a rapid increase in fees and TVL for Solv Protocol is a testament to the growing popularity of the protocol in the #DeFI and #bitcoin betting industry.
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