The post Solana vs Ethereum – Transaction fees, volumes, price, and more! appeared on BitcoinEthereumNews.com.

Solana’s 7-day average transaction fees have consistently outpaced Ethereum’s since January Its trading volume has also outpaced Ethereum’s over the past few months. Solana has outpaced Ethereum in transaction fees over the last seven days, maintaining a significant lead since 9 January. While Solana’s fee dominance weakened in February, the weekly difference remains above $3 million, indicating sustained relative strength over Ethereum. This shift raises questions about market preference and whether Solana’s increasing activity could translate into higher adoption and price gains. Solana’s fee growth and market position According to the latest data, Solana’s total transaction fees have consistently outpaced Ethereum’s since early January. Despite some fluctuations, the recent weekly difference exceeding $3 million alluded to growing preference for Solana’s network.  In fact, data from Glassnode highlighted the trend, showing Solana’s fees maintaining dominance over Ethereum’s for an extended period. Source: Glassnode A closer look at DeFiLlama’s data revealed that Solana’s trading volume has also remained strong. Its cumulative volume in recent weeks has surged, indicating sustained network activity. However, Ethereum continues to command higher total fees in absolute terms due to its vast DeFi ecosystem and broader adoption. Trading volume comparison – Ethereum vs. Solana While Solana’s transaction fees have surpassed Ethereum’s, its trading volume remains a crucial metric to watch.  Consider this – Data from DeFiLlama showed that compared to Ethereum, Solana has also seen more volume in the last few months.  Source: DefiLlama At the time of writing, the analysis showed that over the last four months, the highest volume Ethereum had seen was a spike to over $7.6 billion on 3 February. However, the highest for Solana was a spike to over $35 billion on 18 January. Source: DefiLlama The comparison between Ethereum and Solana’s trading volume highlights a key aspect—Higher fees indicate increasing demand, but…

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Filed under: News - @ February 16, 2025 1:11 am