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Reading: Solana Dwarfs Ethereum with Record-Breaking REV: Details
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Mycryptopot > News > Crypto > Altcoins > Solana Dwarfs Ethereum with Record-Breaking REV: Details
Altcoins

Solana Dwarfs Ethereum with Record-Breaking REV: Details

November 3, 2024 2 Min Read
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Solana Dwarfs Ethereum with Record-Breaking REV: Details

Solana has managed to succeed in its highest each day REV (actual financial worth) up to now (greater than $11 million), in keeping with current information.

For comparability, all Ethereum layer-2 options logged solely $280,000 in income over the identical time period.

Notably, Solana additionally recorded its largest hole with the Ethereum blockchain up to now (almost $4 million).

Notable milestones

On Oct. 23, the Solana blockchain recorded a complete of 9.4 million transactions, logging a brand new year-to-date excessive.

The “Ethereum killer” lately surpassed $6.5 billion in complete worth locked (TVL), in keeping with blockchain information platform DefiLlama. Jito, Kamino, and Raydium are the highest by complete worth locked. Jupiter and Marinade are additionally within the prime 5.

The native token of Solana is at present in fifth place with a market cap of almost $81 million. Over the previous week, its value has surged by a formidable 11%, vastly outperforming different main cryptocurrencies within the prime 10.

Consuming Ethereum’s lunch

As reported by U.At the moment, Solana (SOL) additionally lately reached its highest stage towards Ethereum (ETH).

Its market dominance forex stands at 3.58% following the latest value leap.

In the meantime, Ethereum (ETH) lately hit its lowest stage towards Bitcoin (BTC) since April 2021.

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Reading: Solana Dwarfs Ethereum with Record-Breaking REV: Details
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