• For the primary time, Solana has surpassed the Ethereum community by way of profitability.
• Solana’s financial worth exceeded $2.2 million, whereas Ethereum’s financial worth was decrease at $1.98 million.
• Following this information, SOL rose to $149 from its earlier low of $141.

The Solana (SOL) blockchain has surpassed the Ethereum community by way of profitability for the primary time, inflicting SOL’s worth to skyrocket. On-chain analyst Dan Smith drew consideration to this necessary occasion in his latest submit on X. He famous that Solana's financial worth is greater than $2.2 million. By comparability, Ethereum's financial worth is simply round $1.98 million.

The chart accompanying the replace reveals the financial worth created by each Solana and Ethereum from February 14, 2024 to Could 12, 2024. This worth is calculated based mostly on transaction charges and Miner Extractable Worth (MEV).

Ethereum's financial worth reached a excessive of $40 million in late February, however skilled a decline, ultimately stabilizing between $10 million and $15 million.

The article “Solana Worth Spikes 5.46% to $149: What Occurred Behind the Scene” appeared first on Coin Version.