Solana has surpassed Ethereum in daily network fees, generating over $2.54 million in a 24-hour period compared to Ethereum's $2.07 million on October 28. This achievement marks Solana as the fifth-largest fee-generating protocol in the cryptocurrency space, according to DefiLlama data. The increase in Solana's fees is linked to heightened trading activity on its leading decentralized exchange, Raydium, which itself generated more than $3.41 million in fees during the same timeframe. Solana is known for its monolithic scaling strategy, focusing on improving transaction throughput while maintaining lower fees without depending on layer-2 solutions, unlike Ethereum which relies on a fragmented structure requiring such solutions for scalability. This development highlights Solana's rising prominence and user engagement in the blockchain ecosystem.

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