Ether TEV Soars to Seven Times Solana's

Solana's DeFi resurgence has reportedly put it neck-and-neck with Ether on a number of key metrics. However, Ether is now significantly ahead of Solana in terms of Total Economic Value (TEV), a statistic that measures blockchain transaction fees and maximum extractable value (MEV) tipping. While Solana's surge in Meme coin transactions earlier this year brought its TEV close to Ether's, Ether's TEV has soared to seven times Solana's in recent weeks. Ether's average Gas price has risen nearly 500 per cent in the past 10 days, and Uniswap remains Ether's largest fee-generating application, generating around $9 million in fees per week.