
Solana hits a new high in weekly fees, outpacing Ethereum’s. Lido DAO approves vote for permissionless ETH staking with minimum collateral of 2.4ETH. Uniswap collabs with Across for cross-chain swaps.
The market capitalisation and volume indices were negative at -4.01% and -2.28%, respectively, while the volatility index grew by +97.74%.
According to DefiLlama, Solana (SOL) reached US$25.18 million in fee revenue last week, making it the highest weekly fees recorded. The network also generated its highest real economic value (REV) of $11.1 million on 24 October 2024, which comprises on-chain transaction fees and Maximum Extractable Value (MEV) tips, according to data from Blockworks Research.
The main driver behind Solana’s surging fees is the growing demand for Jito tips and priority fees, propelled by traffic surges from meme coin trading on platforms like Pump.fun and Moonshot.
Intent-Based Protocols | Research Roundup Newsletter [September 2024] | Pair Trading |
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