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Ethereum outpaces Solana in on-chain fees as Layer 2 and real-world asset activity grows.

Protocol Fundamentals
05 Apr 2026
Tokenpost
View Source
Bullish
Ethereum outpaces Solana in on-chain fees as Layer 2 and real-world asset activity grows.

Ethereum is extending its lead over Solana in on-chain fee revenue, driven by increased Layer 2 scaling and real-world asset (RWA) tokenization. Over the past 30 days, Ethereum generated about $317.68 million in fees compared to Solana's $180.20 million, reflecting a structural shift towards higher-value settlement events rather than sheer transaction volume. Ethereum's model focuses on fewer but more valuable settlement events on its base layer, boosted by stablecoin USDC's role in tokenized finance. This positions Ethereum as a high-margin settlement layer, while Solana remains optimized for high-volume, low-fee transactions, limiting its fee revenue growth. The trend suggests Ethereum may attract more capital-intensive workflows, potentially impacting its valuation positively.

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