Solana Worth Spikes 5.46% to $149: What Occurred Behind the Scene

• For the primary time, Solana outpaced the Ethereum community relating to profitability.
• Solana’s financial worth exceeded $2.2 million, whereas that of Ethereum was low at $1.98 million.
• Following the information, SOL noticed an upsurge to $149 from the sooner low of $141.

Solana (SOL) blockchain has, for the primary time, outpaced the Ethereum community when it comes to profitability, inflicting SOL’s worth to surge. On-chain analyst Dan Smith introduced consideration to this vital occasion in a latest submit on X. He famous that Solana’s financial worth has exceeded $2.2 million. As compared, Ethereum’s financial worth sits at round $1.98 million.

The chart accompanying the replace exhibits the financial worth generated by each Solana and Ethereum from February 14 to Might 12, 2024. This worth is calculated primarily based on transaction charges and miner extractable worth (MEV). 

Ethereum’s financial worth reached a excessive of $40 million in late February however skilled a decline, ultimately stabilizing between $10 million and $15 milli…

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