Solana has surpassed Ethereum in terms of revenue for the first time, highlighting positive trends related to the network and token. It was reported that the popular altcoin Solana generated a revenue of 1.5 billion dollars, while Ethereum followed with approximately 1.1 billion dollars.
More than a 54% increase was observed in Solana’s weekly change, with Ethereum reclaiming the top spot with 1.3 billion dollars. However, at the time of writing, these two networks were the only ones with volumes exceeding 1 billion dollars.
A close look at Solana’s daily volume chart shows a consistent upward trend in recent weeks. In December, Solana reached its highest daily volume ever, surpassing 1.2 billion dollars.
The Total Value Locked (TVL) also showed a significant increase along with the volume. It was reported that the TVL exceeded 1 billion dollars according to the latest data, and it was around 672 million dollars at the beginning of the month.
Solana has shown an increase of approximately 400 million dollars in the last two weeks. It has attracted attention by regaining price levels not seen for more than a year. At the time of writing, the daily timeline chart was showing a transaction value of approximately 72 dollars, and the Relative Strength Index (RSI) indicated that the uptrend continued, with the RSI being above 60 during the time of writing.
