Report: Solana's major economic indicators surpassed Ethereum for the first time in October

2024-11-13 01:08:45

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Odaily Star Daily News Hedging Fund Syncracy Capital released a report on November 12th stating that Solana can now be compared to ETH in almost all major economic indicators, and has shown continued growth in the past few months. According to the report, in October 2024, Solana’s realized economic value (REV) was 111% of the ETH REV, higher than the 1% at the same time last year. This metric includes transaction fees and maximal extractable value (MEV) tips paid to validators, indicating the economic activity of the network. Another indicator used to assess the increasing popularity of Solana is total application revenue (TAR). In October 2024, Solana’s TAR was 109% of Ethereum, compared to 1% a year ago. The report notes that the surge in Solana’s economic activity is largely due to the Memecoin craze. (Cointelegraph)

SOL-1.29%

ETH0.15%

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