- Solana is quickly catching up to Ethereum on the fees front.
- However, the Ethereum ecosystem still commands investors’ trust.
The Solana [SOL] vs. Ethereum [ETH] debate resurfaced again on Crypto Twitter following reports that the former could soon flip the latter on the fees front.
According to on-chain analyst Dan Smith, Solana was quickly closing in on Ethereum on transaction fees. Smith claimed that,
“Solana will flip Ethereum in transaction fees + captured MEV this month, maybe even this week”
Transaction fees refer to charges linked to network activity, while MEV means validators’ highest value derived by maximizing block production or ‘confirmation.’
Solana vs Ethereum: fees and other fronts
Smith backed his argument with data, noting that there was about a $300K difference between Solana and Ethereum’s fees.
Source: X/Dan Smith
The chart showed Solana recorded a significant surge in 2024, closing most of the gap with Ethereum.
AMBCrypto’s evaluation of Artemyz’s data confirmed the trend on the fees front. The data showed that Ethereum network fees had dropped significantly since the end of February.
On the 7th of May, Ethereum fees hit $2.8 million, while Solana had $1.6 million.
Source: Artemyz
However, other market watchers argued that Ethereum transaction volume should include all L2 to capture its “real value.” To which, Dan Smith responded,
“The question is whether or not pushing activity to L2s where ETH, the asset is used as a currency, drives enough value back to the L1 to compensate for the loss of L1 activity”
Despite its network challenges, Solana, on average, has cheaper transaction charges than Ethereum.
Reacting to Smith’s projection of SOL eclipsing ETH, crypto analyst Ansem wondered,
“And it is still 100x cheaper to transact on for users, really think about this & explain to me in detail why ETH is still worth 5x more by market cap”
Things are also hitting up on the DEX (Decentralized Exchange) front after Solana’s Jupiter exchange outperformed Ethereum’s Uniswap on the Unique Active Wallets (UAW) front.
Like Ansem, most market watchers underscored SOL as grossly undervalued, especially after last week’s pullback.
Nevertheless, Ethereum had a commanding lead on TVL (Total Value Locked) and overall token value on price charts.
Solana had $4 billion in TVL, while Ethereum’s reading stood at $53.3 billion at press time, underscoring that Ethereum had more investors’ trust.
order clomid pills cost cheap clomiphene without rx where can i buy clomid without dr prescription where to get cheap clomid without dr prescription where to get cheap clomiphene without dr prescription where buy generic clomid pill clomiphene chance of twins
The thoroughness in this draft is noteworthy.
This is the gentle of criticism I truly appreciate.
buy zithromax paypal – ciplox 500mg tablet order flagyl online cheap
purchase rybelsus – periactin order order cyproheptadine 4 mg for sale
domperidone over the counter – domperidone drug cyclobenzaprine 15mg pill
inderal oral – methotrexate without prescription buy methotrexate 2.5mg
order generic amoxil – order generic amoxil combivent 100 mcg brand
zithromax 500mg sale – buy zithromax 500mg pills order nebivolol 20mg online
buy augmentin 625mg generic – https://atbioinfo.com/ buy acillin generic
purchase nexium online cheap – https://anexamate.com/ nexium 40mg for sale
buy warfarin generic – coumamide buy losartan generic
mobic cheap – https://moboxsin.com/ generic meloxicam 15mg
order prednisone 10mg sale – https://apreplson.com/ buy deltasone 10mg online cheap
blue pill for ed – https://fastedtotake.com/ ed solutions
amoxil tablets – amoxil buy online order amoxicillin
fluconazole 200mg uk – https://gpdifluca.com/# buy generic diflucan for sale
how to get cenforce without a prescription – fast cenforce rs buy cenforce 50mg sale
erectile dysfunction tadalafil – fast ciltad cialis how to use
great white peptides tadalafil – https://strongtadafl.com/# sanofi cialis otc
viagra cheap alternatives – viagra cheap online no prescription mexican viagra 100mg
This website really has all of the tidings and facts I needed there this participant and didn’t identify who to ask. opiniones propecia
This is a theme which is virtually to my fundamentals… Diverse thanks! Quite where can I lay one’s hands on the acquaintance details due to the fact that questions? https://buyfastonl.com/gabapentin.html
I’ll certainly bring to read more. https://ursxdol.com/furosemide-diuretic/
Thanks for putting this up. It’s understandably done. https://prohnrg.com/product/omeprazole-20-mg/
Greetings! Jolly gainful par‘nesis within this article! It’s the scarcely changes which will obtain the largest changes. Thanks a portion quest of sharing! https://aranitidine.com/fr/sibelium/
I am in point of fact thrilled to gleam at this blog posts which consists of tons of of use facts, thanks towards providing such data. https://ondactone.com/spironolactone/