Solana’s surging fees are correlated with growing trading activity on the network’s leading decentralized exchange, Raydium.
Solana has surpassed Ethereum in daily network fee generation, indicating growing user activity on the world’s third-largest blockchain.
Solana has generated over $2.54 million worth of fees during the past 24 hours, surpassing Ethereum’s $2.07 million on Oct. 28 — making Solana the fifth-largest fee-generating protocol in the crypto space, according to DefiLlama data.
Protocols by 24-hour fees. Source: DefiLlama
