Solana’s surging fees are correlated with growing trading activity on the network’s leading decentralized exchange, Raydium.
Ethereum Classic news
Some top LSTs have previously seen price deviations of up to 77% from Ether’s price due to mass sell-offs paired with liquidations on leveraged lending protocols.
Some analysts don’t see this as a centralization concern due to the Ethereum network’s underlying builder-proposer architecture.
“Solana is the biggest slap in the face” for Ether maximalists due to its monolithic scalability approach, according to the analyst.
Institutional interest is increasing thanks to the capital efficiency introduced by restaking and liquid staking.