Solana Dwarfs Ethereum with Record-Breaking REV: Details

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As a seasoned crypto investor with a knack for spotting promising projects, I can’t help but feel a sense of excitement when I see Solana’s latest achievements. With its daily REV surpassing Ethereum’s layer-2 solutions by a significant margin and a staggering gap with the Ethereum blockchain, it’s hard not to get caught up in the hype.

Data shows that Solana’s Real Economic Value (REV) hit an all-time high of over $11 million per day in its latest report.

Over the same duration, the total income generated by all Ethereum layer-2 solutions amounted to approximately $280,000.

As an analyst, I’ve observed a significant difference between Solana and Ethereum blockchains, with Solana falling behind by almost $4 million – a record gap so far.

Notable milestones 

On October 23rd, the Solana blockchain notched up a record 9.4 million transactions, marking a new peak for this year so far.

Just recently, a digital currency often referred to as an ‘Ethereum rival,’ has exceeded $6.5 billion in terms of value secured (TVL), as reported by blockchain data provider DefiLlama. Currently, Jito, Kamino, and Raydium are leading the way in terms of total value locked, with Jupiter and Marinade not far behind, ranking among the top 5.

At the moment, Solana’s native coin ranks fifth, boasting a market capitalization close to $81 million. Over the last seven days, its value has skyrocketed by an impressive 11%, significantly outshining other prominent cryptocurrencies in the top ten.

Eating Ethereum’s lunch

According to U.Today’s report, the price of Solana (SOL) has just hit a new peak when compared to Ethereum (ETH).

Its market dominance currency stands at 3.58% following the most recent price jump. 

Meanwhile, Ethereum (ETH) recently hit its lowest level against Bitcoin (BTC) since April 2021. 

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2024-10-25 19:31