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VisitSolana Surpasses Ethereum in Daily TEV on May 12 with $2.248m vs $1.977m
May 14, 2024, 06:27 PM
Solana has achieved a significant milestone by surpassing Ethereum in daily total economic value (TEV) for the first time. On May 12, Solana generated more TEV than Ethereum, with $2.248 million compared to Ethereum's $1.977 million. This marks a notable moment in the blockchain sector, highlighting Solana's growing influence. Additionally, Solana's on-chain trading volume surged past $1.70 billion in the last 24 hours, with memecoins accounting for the majority of the trading volume. Solana also flipped Ethereum in 24-hour on-chain trading volume, according to data from Dex Screener.
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Markets
No • 50%
Yes • 50%
Continuous monitoring of daily TEV from blockchain analytics services
No • 50%
Yes • 50%
Data from blockchain analytics platforms
Yes • 50%
No • 50%
Data from financial analytics platforms like Dex Screener
Other Blockchain • 33%
Ethereum • 33%
Solana • 34%
User transaction data from blockchain platforms
Memecoins • 34%
Other Altcoins • 33%
Stablecoins • 33%
Analysis of trading volume categories from blockchain analytics platforms
Ethereum • 33%
Solana • 33%
Other • 34%
Data from blockchain analytics platforms such as Dex Screener