Solana’s daily fees and revenue hit ATH amid heightened engagement

9 months ago

Solana’s regular gross deed a grounds precocious of astir $4 million, reflecting a notable emergence successful idiosyncratic engagement connected the third-largest blockchain web by marketplace cap.

DeFillama data shows that Solana earned $3.81 cardinal successful gross implicit the past 24 hours, with web participants paying $7.63 cardinal successful transaction fees.

Solana Revenue and FeesSolana Revenue and Fees (Source: DeFillama)

Further insights from Blockworks Research reveal that Solana achieved an all-time precocious of $14.3 cardinal successful existent economical worth (REV) connected Nov. 13. REV includes transaction fees on with Maximum Extractable Value (MEV) tips, which are important gross sources for the concatenation and its validators, supporting web security.

Solana Real Economic ValueSolana Real Economic Value. (Source: Blockworks Research)

The gross surge stems from rising request for Jito tips and precedence fees. With the emergence of memecoin trading platforms similar Pump.fun, traders vie to unafraid faster transactions by paying further fees. This means that validators tin prioritize these high-value transactions and accelerate their processing, which would inadvertently thrust further enactment connected the network.

The station Solana’s regular fees and gross deed ATH amid heightened engagement appeared archetypal connected CryptoSlate.

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