Ethereum fees have dropped 99% since March, yet it still outpaces Solana by 7x over the last year. But how should we compare these two networks? Should we factor in Ethereum Layer 2s (L2s)?
Including L2s, the gap widens:
If we consider the top L2s, Ethereum has generated 9x the fees Solana has over the past year. Why? L2s drive demand for ETH, so they should be part of the equation.
However, the trend over the last 90 days shows Solana holding its ground, capturing 30% of the fees generated by Ethereum L1 and its L2s combined.
Solana vs Ethereum L2s:
When it comes to a direct comparison with Ethereum's L2s, Solana is ahead. In the last year, Solana has generated 35% more fees than the combined L2s. In fact, over the past 90 days, Solana has raked in 4.5x the fees of Ethereum’s L2s.
So, how do we fairly compare the two networks? Should L2s always be included? Share your thoughts in the comments below! 👇
