Solana Blockchain Generates 28% More Revenue Than Ethereum Network

Statistics show that blockchain Solana (SOL) brings validators 24% more income than the network Ethereum (ETH).

According to the DeFiLlama portal, on October 24, the network nodes earned Solana in the form of a transaction processing fee reached record high of $4,6 million. Blockchain node revenue Ethereum made only $3,6 million. At the same time, since the beginning of September, the income of SOL network validators has increased almost 12 times, and ETH blockchain nodes began to earn only six times more.

Growth in the amount of income received by blockchain participants Solana

Networks Solana и Ethereum operate on the PoS consensus protocol, so they generate income not only from processing transactions, but also from locking coins. It turns out that ETH is still ahead of its competitor in terms of staking, because on October 24, people who locked Solana , earned $2,3 million, and Ethereum – $2,6 million

The reason for the lag Ethereum from Solana The so-called cannibalism, which is associated with the fact that second-level networks devour the income of the ETH mainnet, taking the lion's share of the commission, served as the basis for the size of the validators' income.

Employees of the investment company VanEck believed that the blockchain would Ethereum will account for 90% of revenue, and second-level networks will account for 10%. However, in practice, these figures were 9:1 not in favor of the mainnet, so the company's employees were forced to revise the forecast for changes in the ETH rate and stated , that by 2030 the coin will rise in price not to $22, as previously assumed, but only to $281.