#binance #hype #zec #near
13/08/25 06:28 UTC-04

Solana Network Overtakes Ethereum in Weekly Fee Revenue for the First Time

Cryptocurrency Cryptocurrency
Cryptocurrency Solana Network Overtakes Ethereum in Weekly Fee Revenue for the First Time

Last week, Solana surpassed Ethereum in total fees collected for the first time, bringing in $8.6 million compared to its rival’s $8.1 million. Despite having a lower overall activity volume, the growth rate reached 2.1%. The leader in this metric remains the Tron blockchain, with $14.3 million, while Bitcoin network fees rose 8%, staying largely out of mainstream media attention.

The sharp rise in fees across the four largest networks — SOL, ETH, TRX, and BTC — is driven by different factors. For Ethereum, the main drivers were interest in ETFs and stablecoin activity. Additionally, persistently high fees continue to frustrate users and push them toward Layer 2 solutions.

Solana’s success has been primarily fueled by retail speculation and new USDC issuances; however, community members have voiced concerns over liquidity shortages and delays in airdrops. Analysts warn this could alter the “wealth effect” among token holders.

Tron’s performance is directly linked to stablecoin transactions and over-the-counter activity. The network is capitalizing on demand for fast, low-cost transfers to strengthen its position in Asian settlements. Many experts note that stablecoin usage on the network is growing rapidly and predict that this trend will continue in the coming years.

Bitcoin’s fee increase is attributed to inflows into spot ETFs and ongoing competition for block space. The high cost of transaction inclusion only fuels ongoing debates about scaling the network.

Investors and traders are watching closely, trying to determine which chain will solidify its success and where the growth was driven by temporary market factors. Experts believe the current trends largely reflect macroeconomic conditions and institutional sentiment.

See also: "Ethereum Price Nears Record High of $4,861 Amid Corporate Buying"

#Solana (SOL) #Ranking #Capitalization

Editor: Yulia Krasnaya
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