A user asked if SOL can surpass ETH?
Actually, it's hard to say.
From the data, in October 2024, the daily fees on the Solana chain exceeded Ethereum for several consecutive days, with a single-day revenue surpassing ten million dollars on October 24. This is mainly due to the booming meme coin market, with tokens like SHIB and DOGE seeing a surge in trading on its network. Moreover, its trading volume on decentralized exchanges in the last 30 days also exceeded that of ETH.
Solana has clear advantages, processing 65,000 transactions per second, far exceeding Ethereum's 15,000, with transaction fees often below 0.001 dollars, making it well-suited for high-frequency trading.
By the end of 2024, over 500 DApps have been deployed. However, its growth largely relies on short-term trends rather than a comprehensive technical breakthrough.
Therefore, SOL has the potential to surpass ETH, but there is still a long way to go for it to truly achieve that.
