This ‘Ethereum Killer’ Just Set A New Record: The Reason? Meme Coins, Of Course
Posted On October 25, 2024
Solana‘s (CRYPTO: SOL) network on Oct. 24 reached a record high in real economic value, totaling $11,089,500 from transaction fees and Maximal Extractable Value (MEV) tips.
What Happened: This milestone comes as Solana gains traction against Ethereum (CRYPTO: ETH), surpassing it in transaction fees and MEV tips since Oc. 19, a notable shift that highlights the network’s growth in both user engagement and transaction volume, according to Blockworks Research.
Much of this increase is attributed to the popularity of meme coins on Solana, which has driven significant …
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