2024-12-01
2/ Solana's DeFi protocols earned $420.7M in November, 161% more than Ethereum's $161.2M. Raydium ($175M) & Jito ($164.7M) outperformed Uniswap ($69.1M) & Lido ($62.3M), fueled by Solana's low fees, high throughput, & ecosystem recovery. [image]
Bloomberg
Ethereum is grappling with uncertainties as its reliance on Layer-2 blockchains grows, leading to lower fee collection, while rivals like Solana gain ground
- The blockchain has seen fees slide after technical upgrades — Criticisms have weighed on Ether, which has underperformed
Highlights from @TheBlock__'s Data Dashboard: 1/ Ethereum reclaims USDT dominance with 66.94B vs. Tron's 61.77B, the first lead since June 2022. USDT on Ethereum is up 62% YTD, fueled by ETF anticipation, Bitcoin's ATH, and its DeFi and institutional appeal. [image]
Bloomberg
Ethereum is grappling with uncertainties as its reliance on Layer-2 blockchains grows, leading to lower fee collection, while rivals like Solana gain ground
- The blockchain has seen fees slide after technical upgrades — Criticisms have weighed on Ether, which has underperformed