Key Points
- Solana community charges reached a brand new ATH in October above $69 million, surpassing its March excessive.
- From the start of this 12 months, the overall Solana charges are $432 million.
Solana reached a brand new ATH when it comes to community charges in October, surpassing its earlier peak hit this 12 months in March.
Last month, Solana community charges surpassed $69 million, with the second-biggest month being March when the community recorded over $66 million in charges, in line with knowledge from Dune Analytics.
The highest day when it comes to charges final month was on October 24 at virtually $5 million.
Other Important Solana Metrics
A excessive variety of transaction charges interprets right into a excessive variety of transactions and lively addresses.
Dune knowledge additionally exhibits that as of October 27, the overall lively addresses on Solana have been 2.68 million.
Solana continues to see elevated use, particularly due to the memecoin frenzy. In the previous 24 hours, the Solana memecoins sector noticed a surge in market cap of just about 18%, nearing $13 billion, CoinGecko knowledge exhibits.
Also, the 24-hour buying and selling quantity surpassed $3.2 billion, in line with the identical knowledge.
Solana vs. Bitcoin and Ethereum Network Fees
Dune knowledge additionally exhibits a comparability between the overall charges on the three blockchains and the charges recorded since January 2024 as follows:
- The complete Bitcoin charges are $4.15 billion, and the charges since January are $849 million.
- The complete Ethereum charges are actually at $19.6 billion, and the charges since January are $2.09 billion.
- The complete Solana charges are $432 million, whereas the charges since January are $411 million.
Bitcoin community charges final month have been over $47 million, and so they reached a peak at $337 million in December 2023.
Also, Ethereum community charges have been at $142 million in October, and the highest-ever month when it comes to community charges was November 2021, at $1.83 billion.
On-chain exercise is anticipated to rise on all blockchains, particularly since Bitcoin and crypto are seeing intense assist within the US and overseas.
