Ethereum

Major

Solana

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<p dir="ltr"><a href="https://u.today/solana-sol-price-prediction-for-november-11" rel="noopener noreferrer nofollow">Solana</a> (SOL), currently ranked the fourth-largest cryptocurrency by market capitalization, beating Ethereum (ETH) regarding daily network fees. Notably, Solana is experiencing a surge in activity, potentially setting the stage for a substantial price increase.</p>
<h2 id="solana-flips-ethereum-in-daily-network-fees">Solana flips Ethereum in daily network fees</h2>
<p dir="ltr">Data from DeFiLlama shows that Solana has flipped Ethereum in daily network fees over the past 24 hours.</p>
<p dir="ltr"><a href="https://defillama.com/fees" rel="noopener noreferrer nofollow">According</a> to DeFiLlama, Solana’s daily network fees have soared to $11.26 million in 24 hours, while Ethereum has amassed only $6.3 million. Solana's latest performance now sets its sights on outranking Jito’s daily fees of $11.95 million.</p>
<p dir="ltr">The spike in fees highlights Solana’s growing network activity amid bullish momentum on the broader market. An analysis of Solana's chart reveals a bullish trend. The price recently climbed above the $240 threshold, with an increase in trading volume that supports the uptrend.</p>
<p dir="ltr">As covered by U.Today, some narratives exploded on the Solana blockchain in the past week. A few days ago, Solana<a href="https://u.today/solana-crushes-ethereum-in-terms-of-volume" rel="noopener noreferrer nofollow">outpaced</a> Ethereum in terms of the 24-hour trading volume recorded across all decentralized exchanges (DEXes). Solana recorded $6.24 billion in trading volume, while Ethereum's amounted to $850 million. Also, Solana's weekly DEX trading volume surpassed Ethereum's and all of the layer-2 solutions combined.</p>
<h2 id="solana-price-outlook">Solana price outlook</h2>
<p dir="ltr">Solana’s current market cap is $114 billion, following an 11% price rally over the past week. According to CoinMarketCap, Solana is now changing hands for $240.28, up slightly by 0.2%.</p>
<p dir="ltr">Solana's year-to-date growth is 300.56%, and many see the current price trend as a potential rebound. If Solana secures current activity levels and avoids technical setbacks, the token could see an exceptional position and regain its 2021 high of $ 259.52.</p> <a href="https://u.today/solana-sol-scores-major-win-over-ethereum-details" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Solana (SOL) Scores Major Win Over Ethereum: Details

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