Cointime

Cointime

Download App
iOS & Android
Home / Data

Dollar-denominated Solana fees rise 2,800% in six months

Since the third quarter of last year, Solana has gradually overcome the impact of the bankruptcy of FTX/Alameda. Toghrul Maharramov, an analyst at Power Your Own Research, shared data showing that the average dollar-denominated cost per transaction on the Solana (SOL) blockchain has skyrocketed from 0.001 USD to 0.03 USD, an increase of nearly 30 times, from August 2023 to February 2024, during which time the SOL price rose from 19 USD to 120 USD. The analysis suggests that the growth in fee revenue on the Solana chain may be related to previous airdrop activities such as Jupiter, and Solana co-founder Anatoly Yakovenko remains optimistic about the growth in fee revenue on the blockchain.

Solana Solana $228.74
-4.31%
Solana
Comments

All Comments

Recommended for you

  • The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%

     the expected final value of the US one-year inflation rate in November is 2.6%, with an expected value of 2.7% and a previous value of 2.60%. The expected final value of the US five-to-ten-year inflation rate in November is 3.2%, with an expected value of 3.1% and a previous value of 3.10%.

  • U.S. stocks open, most crypto stocks open lower

     the US stock market opened with the Dow Jones up 0.19%, the S&P 500 up 0.05%, and the Nasdaq up 0.01%. Most cryptocurrency stocks opened lower, with Coinbase (COIN.O) down 0.06%, MicroStrategy (MSTR.O) up 0.4%, and Riot Platforms (RIOT.O) down 2.6%. Previously, Bitcoin had risen above $99,000 before falling back.

  • BTC breaks through $98,500

    market shows BTC breaking through $98,500 and is now trading at $98,501.24, with a 24-hour increase of 0.84%. The market is volatile, so please be prepared for risk control.

  • Cardano's ADA Hits Highest Level Since May 2022 as Bitcoin Nears $100K and Capital Rotates into Alternative Cryptocurrencies

    Cardano's ADA has reached its highest level since May 2022, with evidence of significant participation from large traders in the on-chain activity. As Bitcoin approaches the $100,000 mark for the first time, capital is shifting towards alternative cryptocurrencies, generating excitement in the wider crypto market. Additionally, Bitcoin has broken a new record above $98,000, and there are reports that former US President Donald Trump is considering appointing a "Crypto Czar" and a crypto lawyer for SEC Chair. BlackRock's IBIT options launch has also contributed to Bitcoin's new ATH.

  • BCH breaks through $500

    market shows BCH has surpassed $500, currently trading at $521, with a daily increase of over 20%. The market is volatile, please be prepared for risk control.

  • Bitwise Bitcoin ETF's holdings exceed $4 billion

    Bitwise's official data update shows that as of November 20th, the BITB Bitcoin exchange-traded fund's position has reached 42,451.73 BTC, with a market value exceeding 4 billion USD, currently reaching 4,003,716,971.36 USD.

  • BTC breaks through $98,000

    market shows BTC has broken through $98,000 and is now trading at $98,001, with a 24-hour increase of 5.09%. The market is highly volatile, so please be cautious and control your risks.

  • BTC breaks through $97,000

    the market shows BTC has broken through $97,000 and is currently trading at $97,011 with a 24-hour increase of 5.28%. The market is volatile, please be prepared for risk control.
  • cointelegraph ·

    Why is Solana's Dogwifhat (WIF) memecoin crashing?

    WIF price risks declining by another 48% due to the formation of a classic bearish reversal setup.
    Why is Solana's Dogwifhat (WIF) memecoin crashing?

  • Solana Edge Data Intelligent Network 375ai Completes $5 Million Seed Round of Financing, Led by 6MV

    Solana's edge data intelligent network 375ai announced the completion of a $5 million seed round of financing on X platform, with 6MV as the lead investor and participation from Arca, Escap Velocity, Primal Capital, and Auros. Specific valuation information has not been disclosed. 375ai provides decentralized edge data intelligent network nodes and mobile applications based on blockchain for real-time data collection. Users can participate in the network by deploying nodes, using applications, or staking tokens, while also receiving rewards.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company