Ethereum

Solana

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Generation

when

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/pump-fun-surpasses-ethereum-in-revenue-generation/" data-wpel-link="internal">Pump.Fun Surpasses Ethereum in Revenue Generation</a> 
Solana blockchain’s decentralized application (dApp) Pump.Fun has surpassed Ethereum in revenue generation over the past 24 hours, drawing significant attention. According to data provided by DeFiLlama, Pump.Fun generated $863,525 in revenue, surpassing Ethereum’s $552,355. This represents a significant 35% difference, suggesting a potential shift in the crypto ecosystem. 
<h2 style="text-align: justify" id="ethereum-comments">Ethereum Comments</h2> 
Ethereum (ETH), the largest smart contract chain and the second-largest cryptocurrency by volume after Bitcoin, is experiencing an unprecedented event. Known for hosting decentralized <a href="https://newslinker.co/category/mobile/" target="_blank" rel="noopener" data-wpel-link="exclude">applications</a>, Ethereum has recently drawn negative attention due to its slowing performance and growth. 
Year-to-date analyses show that Ethereum’s price has increased by 43%, while Solana, where Pump.Fun was created, has seen a 90% increase, doubling its price. 
This price movement is causing growing concern among <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> about Ethereum’s current market situation. Participants in the crypto community are questioning whether Ethereum is gradually losing its dominant position and whether it might turn into a ghost chain. 
One of the biggest issues on the Ethereum side is gas fees, which are causing users to seek alternatives. Additionally, there is a growing belief among crypto users that the increasing usability of layer-2 protocols could harm Ethereum’s revenue and volume. 
Gumshoe commented: 
<blockquote> 
 Solana has as much 24-hour <a href="https://en.coin-turk.com/sec-proposes-registration-requirement-for-large-dex-liquidity-positions/" data-wpel-link="internal">decentralized exchange</a> volume as Ethereum and all L2s combined. Those who argue for counting L2s must be dismayed. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-374960" src="https://coin-turk.com/wp-content/uploads/2024/07/fun-coin-turk-com.png" alt="" width="573" height="319"> 
<h2 style="text-align: justify" id="solana-s-current-price">Solana’s Current Price</h2> 
Amidst all these developments, eyes were also on Solana. Solana appears to be keeping up with the market rise. A few hours ago, when Bitcoin surpassed $70,000, SOL rose to $193. 
Subsequently, the market experienced a general decline, and SOL’s price fell to $187.25. Despite this drop, SOL’s 24-hour price change remained positive at 1.65%. Meanwhile, SOL’s market cap surpassed $87 billion, while its trading volume fell by 1.58% to $2.92 billion. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/pump-fun-surpasses-ethereum-in-revenue-generation/" data-wpel-link="internal">Pump.Fun Surpasses Ethereum in Revenue Generation</a></h5>
The post <a href="https://en.coin-turk.com/pump-fun-surpasses-ethereum-in-revenue-generation/" data-wpel-link="internal">Pump.Fun Surpasses Ethereum in Revenue Generation</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Pump.Fun Surpasses Ethereum in Revenue Generation

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