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Solana Unleashes Hellfire Fees: Leaves Ethereum in the Dust as It Blazes Past $2.5 Million Daily Burn

AltcoinsBlockchainCrypto News Kevin Nelson October 30, 2024

A illustration depicting a fiery inferno engulfing an Ethereum blockchain with flames shooting upwards while Solana's blazing fees burn brighter in the background amidst chaotic market activity and pump fun launchpad chaos.

Solana’s got a new trick up its sleeve – daily fees that are literally making Ethereum look like a grandma who can’t keep up with TikTok trends! With over $2.54 million in 24-hour network fee generation, Solana has officially surpassed the king of blockchain (no offense to Elon) and is now gunning for the top spot as the world’s fifth-largest fee-generating protocol – all thanks to its popular DEX Raydium which raked in a whopping $3.41 million worth of fees over the same period! Meanwhile, Ethereum can’t even touch that kind of cash with less than half ($2.07m) and we’re not surprised considering it’s still stuck on those pesky layer 2 blockchains like a bad habit.

Source: cointelegraph

Solana flips Ethereum in daily fees, surpasses $2.5M in 24 hours
https://cointelegraph.com/news/solana-flips-ethereum-for-5th-blockchain-by-fees-surpasses-2-5-m-in-24-hours
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 Solana’s soaring fees are correlated with growing trading activity on […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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