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[Raydium 24-hour Revenue Surpasses Ethereum, Reaching $3.4 Million] Decentralized Exchange Raydium Surpasses Ethereum In 24-hour Revenue. According To DefiLlama Data, Raydium's Fee Revenue For The Day Was $3.4 Million, While Ethereum Was $3.35 Million. Ethereum's Transaction Fees Have Been Reduced By About 95% Since The Dencun Upgrade In March, And Revenue Is Still Recovering. Despite This, Ethereum Is Still Ahead Of Other Blockchain Networks Such As Solana, But Occasionally Lags Behind Protocols Such As Raydium. Raydium Is The Most Popular And Liquid DEX On Solana, With A Total Locked Value Of Approximately $1.8 Billion. On October 21, Solana's Revenue Was $2.67 Million, Slightly Lower Than Ethereum's Revenue. On July 29, Solana's Meme Coin Creation Tool Pump.fun Surpassed Ethereum In 24-hour Revenue. This Is Not The First Time That Pump.fun's Revenue Has Exceeded Ethereum. On June 30, Pump.fun's 24-hour Revenue Reached A Record High Of Nearly $2 Million, Slightly Higher Than Ethereum's $1.91 Million. Ethereum Has Generated $3 Billion In Transaction Fees Since Its Launch In 2015. Matthew Sigel, Head Of Digital Asset Research At VanEck, Expects The Ethereum Network To Generate $66 Billion In Annual Free Cash Flow By 2030, Pushing The ETH Spot Price As High As $22,000 Per Unit
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