TechFlow news, October 25 — According to Cointelegraph, Blockworks Research data shows that on October 23, 2024, Solana network fee revenue set a new all-time high, reaching $8.7 million in daily economic value, up from nearly $8 million the previous day.
Dan Smith, Data Analysis Manager at Blockworks Research, said this figure includes all sources of income such as base fees, priority fees, and tips. Since 2023, Solana's SOL token has outperformed Ethereum with a gain of over 600%. According to DefiLlama data, total value locked (TVL) on Solana surged from less than $250 million at the beginning of 2023 to over $6.8 billion by October 24, 2024.
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