Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Data: The Solana fee priced in US dollars has increased by 2,800% within six months

Data: The Solana fee priced in US dollars has increased by 2,800% within six months

2024/02/26 08:30
SOL+0.15%JUP-0.16%

Since the third quarter of last year, Solana has gradually shaken off the impact of Alameda's bankruptcy. Data shared by Power Your Own Research analyst Toghrul Maharramov shows that from August 2023 to February 2024, the average dollar-denominated cost per transaction on the Solana (SOL) blockchain surged significantly, increasing from $0.001 to $0.03, a nearly 30-fold increase. During this period, SOL price rose from $19 to $120. Analysis suggests that the growth in fee income on Solana chain may be related to previous airdrop activities like Jupiter and others while Anatoly Yakovenko, co-founder of Solana holds an optimistic view about the growth in fee income on blockchain.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Sources: Polymarket is valued at at least $3 billion in its latest funding round, with a few investors submitting letters of intent valuing it at $10 billion.
2
Polymarket and Kalshi are considering new funding rounds at valuations of $9 billion and $5 billion, respectively.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,916.51
+0.69%
Ethereum
Ethereum
ETH
$4,748.98
+5.43%
XRP
XRP
XRP
$3.11
+2.67%
Tether USDt
Tether USDt
USDT
$1
+0.04%
Solana
Solana
SOL
$243.44
+3.75%
BNB
BNB
BNB
$927.78
+2.60%
USDC
USDC
USDC
$0.9998
-0.00%
Dogecoin
Dogecoin
DOGE
$0.2804
+7.67%
TRON
TRON
TRX
$0.3534
+1.34%
Cardano
Cardano
ADA
$0.9286
+3.30%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter