Solana 10x Applications generate more ETHEREM: Search

Solana challenges the market shrinkage, generating much more revenues than Ethereum.

The data collected by the Blockchain Aylo researcher shows that Solana’s Solana applications were withdrawn in revenues more than ten times from its ETHEREUM.

Speculation as the economic spine

Ilu characters open The Solana stronghold is an activity on the chain. In the past 24 hours, applications on the network made $ 8.4 million of revenue, or nearly 10 times more than Ethereum 875,613 dollars in the same period.

This trend also extended to trading sizes, where Solana doubled the ethereum numbers. Trading in the second largest Blockchain in the world in terms of the total value (TVL) reached 5.39 billion dollars, more than twice 2.14 billion dollars registered with its largest competitor. The same was the same with permanent trading volumes, as Solana recorded $ 1.09 billion compared to Ethereum $ 470 million.

According to Aylo, this mutation is largely fueled by retail speculation and high frequency on Solana applications. Plastic platforms such as Pump.fun and Bonkbot contributed greatly to these revenues, creating a relatively stable financial base of the network.

The researcher argued that the basis of Solana’s economic security is mainly based on speculative activity, adding that he does not see such activity at any time soon:

“Just like an online gambling never stops, this gambling/speculation will not stop, whether you like it or not (people love to play the non -operational lottery). Solana has acquired one of the largest cases of use in Crypto.”

However, some critics questioned the ILO numbers, Argument Defillalama’s revenue measurements may not be, on which the analyst relied, completely accurate. According to them, some of the main ETHEREUM applications, such as UISWAP, are not included in the data collection.

Despite the success of Solana, Ethereum maintained its dominance in large trade sizes and liquidity complexes. A recent report issued by OKX revealed that most of the high -value deals, especially those that exceed $ 50,000, are still taking place on the network and the second layer chains.

It also features better quality of liquidity baths, with ten of the top 20 sites, as it hosts the five foundation and Smart Binance chain that contains two. This leaves Solana with only one liquidity gathering that represents the network in the list.

Future growth and expectations

Ultimately, while ETHEREUM has historical progress, with TVL TVL with a value of $ 74.3 billion of TVL, which is 9.5 billion dollars, the latter momentum cannot be denied.

Institutional adoption in the long term of the original Sol symbol of the network can be useful, especially with observers who ask about non -specialized use cases that will enhance Solana in the industry. Recently, CBOE has made a wave of suggestions for Solana Exchange products on behalf of many investment companies in encryption, including Vaneck, BitWise and 21shares.

Although the possibility of obtaining this product may be low at the present time, due to the previous SEC classification of Sol as safety, the appointment of more friendly encoding agency driving offers a slice of hope for applicants.