{"id":97226,"date":"2024-10-22T15:50:07","date_gmt":"2024-10-22T19:50:07","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=97226"},"modified":"2024-10-22T15:50:07","modified_gmt":"2024-10-22T19:50:07","slug":"raydium-surpass-ethereum-in-24-hour-fee-revenue","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/raydium-surpass-ethereum-in-24-hour-fee-revenue\/","title":{"rendered":"Raydium Surpass Ethereum in 24-hour Fee Revenues"},"content":{"rendered":"\n

On October 21, Solana-based Raydium, generated $3.4 million in fee revenue, as opposed to $3.35 million for Ethereum<\/a>, according to DeFiLlama.<\/p>\n\n\n\n

\"Raydium
Raydium Surpass Ethereum in 24-hour Fee Revenues<\/em><\/figcaption><\/figure>\n\n\n\n

According to DefiLlama, Raydium\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, a decentralized exchange (DEX), achieved a higher 24-hour revenue than the Ethereum network on October 21.<\/p>\n\n\n\n

Raydium Fee Revenue According to DeFiLama<\/h3>\n\n\n\n

According to data from DefiLlama<\/a> on daily revenue from protocol fees, Raydium, which is hosted on the Solana blockchain, generated $3.4 million in fee revenue during the day, while Ethereum generated $3.35 million.<\/p>\n\n\n\n

Ethereum continues to surpass other blockchain networks, including Solana, but it has occasionally lagged behind protocols like Raydium.<\/p>\n\n\n\n

\"Source:\u00a0DeFiLlama\"
Source:\u00a0<\/em>DeFiLlama<\/em><\/use><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n

According to data from DefiLlama, Raydium is the most prominent and liquid DEX on Solana, with a total value locked (TVL) of approximately $1.8 billion.<\/p>\n\n\n\n

On October 21, Solana generated $2.67 million in revenues, which is marginally lower than Ethereum's earnings for the same period, according to the data.<\/p>\n\n\n\n

In the 24-hour revenue category, Pump.fun, a memecoin creation tool from Solana, surpassed Ethereum on July 29, according to data from DefiLlama.<\/p>\n\n\n\n

That was not the first occasion on which Pump.fun's revenue exceeded Ethereum's.<\/p>\n\n\n\n

The 24-hour revenue of the memecoin platform reached an all-time high of nearly $2 million on June 30, marginally surpassing Ethereum's $1.91 million during the same period.<\/p>\n\n\n\n

**photo<\/p>\n\n\n\n

\"Source:
Source: VanEck<\/em><\/figcaption><\/figure>\n\n\n\n

The director of digital asset research at VanEck, Matthew Sigel, stated in September that Ethereum has generated $3 billion in transaction fees (denominated in Ether) since its launch in 2015.<\/p>\n\n\n\n

Sigel anticipates that the Ethereum network will generate an annual free cash flow of up to $66 billion by 2030, which could result in a spot ETH price of up to $22,000 per token.<\/p>\n\n\n\n

“Ethereum has processed approximately $4 trillion in settlement value in the past year and an additional $5 trillion in stablecoin transfers annually.” Sigel stated, “This is significantly larger than PayPal and is beginning to resemble networks such as Visa.”<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

On October 21, Solana-based Raydium, generated $3.4 million in fee revenue, as opposed to $3.35 million for Ethereum, according to DeFiLlama. According to DefiLlama, Raydium , a decentralized exchange (DEX), achieved a higher 24-hour revenue than the Ethereum network on October 21. Raydium Fee Revenue According to DeFiLama According to data from DefiLlama on daily […]<\/p>\n","protected":false},"author":59,"featured_media":42535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[22465,128,22466,668],"class_list":["post-97226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-defilama","tag-ethereum","tag-raydium","tag-vaneck"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/12\/jpg_20221222_185334_0000.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/97226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=97226"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/97226\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/42535"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=97226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=97226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=97226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}