Tron, which ranks 11th, managed to generate $1.68 million in the same period. Ethereum, meanwhile, languishes in 17th place with a total revenue of less than $1 million; ETH's total revenue in 24 hours totaled just $761,307.
This #Solana advantage over #Ethereum and #Tron has lasted for some time now, as previously reported. SOL has raised $19.03 million in the last seven days and $193.02 million in the last 30 days;
ETH has raised $8.85 million in the last seven days and $74.13 million in the last 30 days. TRON has brought in $11.93 million in the last seven days and $51.06 million in the last 30 days.
What are the factors behind Solana's dominance?
According to analysts, Solana's dominance can be attributed to high demand for the network and growing transaction volumes. The network is in high demand and increasing transaction volumes. Users are switching from Ethereum to Solana due to lower fees and higher bandwidth.
In addition to Solana's low transaction fees, network congestion can lead to favorable fees
on the network, which could lead to the fact that the overall Despite a significant increase in revenues
SOL, the market value has not been able to overcome the $ 200 mark in the past two weeks.
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