Solana Back To Its Ethereum Killing Days? Outpaces Ethereum in Inflows and Fees.
YEREVAN (CoinChapter.com)—Solana reported $4 billion in inflows from other blockchain networks over the past year, $3 billion more than Ethereum’s inflows during the same period. The increase highlights a shift in blockchain network activity, favoring Solana’s ecosystem.
Solana Ecosystem Flows: $4.02B In One Year. Source: X
The rise in inflows aligns with Solana’s recent price peak of $263. The network continues to attract users due to its performance, speed, and cost-efficiency. This growth has positioned Solana as a prominent competitor to Ethereum in the blockchain space.
Solana Price Chart. Source: TradingView
In contrast, Ethereum has seen positive price movements, reaching a five-month high of $3,630. However, its inflow figures remain significantly lower compared to Solana’s.
Solana Generates $200M in Fees and $2.33M in Royalties
Over the last 30 days, Solana’s protocols have generated $200 million in fees, surpassing Ethereum during the same timeframe. Raydium, a key Solana protocol, led this performance with record-breaking fee generation.
Solana also recorded $2.33 million in royalties, outpacing all other blockchain networks combined. The high royalty earnings highlight the growing adoption of Solana-based applications.
While maintaining a significant market share, Ethereum did not match Solana’s recent fee and royalty performance.
Whale Accumulation Drives Solana Growth
Whales have been actively accumulating Solana, reinforcing its strong market presence. Two wallets linked to the same holder withdrew 250,000 SOL (approximately $60 million) from Kraken in the past month.
Despite a recent correction following its all-time high of $263, Solana’s price remains robust. The current average trading price is $239.13, with a 24-hour trading volume of $3.76 billion.
Solana Market Cap Surge. Source: CoinMarketCap
Solana’s cumulative ecosystem market cap has surged past $350 billion, securing its position as the fourth-largest cryptocurrency. Whale activity continues to support Solana’s market performance, ensuring sustained momentum.
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