Solana Price Eyes $200 as TVL and Fee Revenues Surge—ETH Threatens to Outpace
The post Solana Price Eyes $200 as TVL and Fee Revenues Surge—ETH Threatens to Outpace appeared on BitcoinEthereumNews.com. Key Insights: Solana Price eyes rally as SOL TVL now exceeds all Ethereum layer-2 networks combined. DApp fee revenue boosts SOL demand amid rising staking participation. Analysts warn ETH may outperform SOL in the coming months. Solana (SOL) price has rallied nearly 25% in just five days, rising from $147 on May 6 to $183 by May 10. The rally followed Bitcoin’s breakout above $100,000 and helped fuel altcoin market momentum. While SOL has since hovered near the $180 mark, growing on-chain activity and derivatives data hint at more upside ahead. But not everyone remains bullish. Analysts like CryptoBullet warn that Ethereum may soon outperform Solana based on key technical breakdowns in the SOL/ETH pair. Solana’s DeFi Ecosystem Outpaces Ethereum Layer-2s Solana now ranks as the second-largest blockchain by total value locked (TVL), according to DefiLlama. Its ecosystem currently holds $10.9 billion in locked value, surpassing the combined TVL of major Ethereum layer-2 platforms like Arbitrum, Base, and Avalanche. Blockchain ranked by TVL, USD. Source: DefiLlama Raydium DEX saw a 78% increase in TVL over 30 days, while Jito’s liquid staking solution rose 41%. Marinade Finance, another staking platform, posted a 56% gain. These developments point to expanding user engagement across SOL’s decentralized finance (DeFi) sector, which in turn hints at a potential Solana price rally ahead. Meanwhile, rising activity hasn’t just translated into locked capital. The chain’s fee revenues also spiked. Solana generated $43.3 million in base layer fees over the past 30 days, trailing only Tron’s $51.9 million and beating Ethereum’s $24.9 million over the same period. Fee Revenue and Staking Dynamics Boost SOL Demand High fees may seem like a negative, but they often reflect strong network usage. In Solana’s case, growing fee generation signals healthy DeFi and decentralized application (DApp) engagement. Solana network DApps revenue vs. chain…
The post Solana Price Eyes $200 as TVL and Fee Revenues Surge—ETH Threatens to Outpace appeared on BitcoinEthereumNews.com.
Key Insights: Solana Price eyes rally as SOL TVL now exceeds all Ethereum layer-2 networks combined. DApp fee revenue boosts SOL demand amid rising staking participation. Analysts warn ETH may outperform SOL in the coming months. Solana (SOL) price has rallied nearly 25% in just five days, rising from $147 on May 6 to $183 by May 10. The rally followed Bitcoin’s breakout above $100,000 and helped fuel altcoin market momentum. While SOL has since hovered near the $180 mark, growing on-chain activity and derivatives data hint at more upside ahead. But not everyone remains bullish. Analysts like CryptoBullet warn that Ethereum may soon outperform Solana based on key technical breakdowns in the SOL/ETH pair. Solana’s DeFi Ecosystem Outpaces Ethereum Layer-2s Solana now ranks as the second-largest blockchain by total value locked (TVL), according to DefiLlama. Its ecosystem currently holds $10.9 billion in locked value, surpassing the combined TVL of major Ethereum layer-2 platforms like Arbitrum, Base, and Avalanche. Blockchain ranked by TVL, USD. Source: DefiLlama Raydium DEX saw a 78% increase in TVL over 30 days, while Jito’s liquid staking solution rose 41%. Marinade Finance, another staking platform, posted a 56% gain. These developments point to expanding user engagement across SOL’s decentralized finance (DeFi) sector, which in turn hints at a potential Solana price rally ahead. Meanwhile, rising activity hasn’t just translated into locked capital. The chain’s fee revenues also spiked. Solana generated $43.3 million in base layer fees over the past 30 days, trailing only Tron’s $51.9 million and beating Ethereum’s $24.9 million over the same period. Fee Revenue and Staking Dynamics Boost SOL Demand High fees may seem like a negative, but they often reflect strong network usage. In Solana’s case, growing fee generation signals healthy DeFi and decentralized application (DApp) engagement. Solana network DApps revenue vs. chain…
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