Solana-based Raydium clocked $3.4 million in fee revenue on Oct. 21 versus $3.35 million for Ethereum, according to DeFiLlama.
On Oct. 21, decentralized exchange (DEX) Raydium beat the Ethereum network in 24-hour revenue, according to DefiLlama.
Raydium, which is hosted on the Solana blockchain, clocked $3.4 million in fee revenue during the day versus $3.35 million for Ethereum, according to data from DefiLlama on daily revenue from protocol fees.
Ethereum is still recovering from a sharp dropoff in revenue after the network’s March Dencun upgrade cut transaction fees by approximately 95%.
