Solana Tops Ethereum in Daily Fees; Ethereum Burns More

DefiLlama’s Sept. 22 dashboard snapshot showed Solana with about $1.10 million in 24-hour chain fees and $117,138 in reported chain revenue. Ethereum’s 24-hour view showed $649,423 in fees and $226,298 reported as burned. Over seven days Solana displayed $5.93 million in fees versus $3.09 million for Ethereum. Over 30 days the snapshot listed $23.58 million for Solana and $12.04 million for Ethereum, with reported 30-day burns of $2.66 million for Solana and $2.80 million for Ethereum. One Ethereum table in the same dataset showed a different daily burn figure of $229,846.

DefiLlama’s chain revenue measure tracks fees that its adapters count as burned, which removes tokens from supply rather than paying holders directly. The provider assembles tables from estimates and different collection methods, and exact window endpoints were not disclosed. Displayed aggregates can vary with timing and the calculation choices used by each adapter.

Fee allocation differs by network. Solana’s fee model applies a base charge of 5,000 lamports per signature, with half of that base burned and half paid to the block validator; validators also receive all priority fees. On Ethereum the protocol burns execution base fees while priority tips go to validators. DefiLlama’s Solana adapter estimates base fees by multiplying transaction count by 5,000 lamports, while its Ethereum adapter uses each block’s minimum effective gas price as a proxy for the base fee and pulls blob fees from other sources. These estimation methods produce approximate burn and fee figures rather than fully reconciled counts of tokens destroyed.

Burning reduces supply relative to what it would otherwise have been, but does not credit individual wallets. Validator receipts are not automatically distributed to all delegators; Solana’s staking documentation notes that inflationary rewards are paid to validators and delegated stake accounts with commissions that affect delegators’ shares. On July 2, 2025, Solana staking infrastructure project Jito announced an upgrade allowing some validators to distribute priority fees to stakers. Which validators share fees and the commission rates they set determine how much reaches delegators.

DefiLlama also separates application-level metrics from gas fees. The Sept. 22 overview showed $7.7 million in 24-hour app revenue on Solana versus $1.9 million on Ethereum, and 24-hour app fees of $18.2 million for Solana versus $8.5 million for Ethereum. The provider defines chain REV as chain fees plus maximum extractable value (MEV) tips; adding REV to chain fees would double count parts of transaction-related spending.

The same snapshots displayed market capitalizations of about $335 billion for ETH and $69 billion for SOL. A given dollar amount of burns represents a different share of each token’s market value. Solana’s accepted SGP-0002 proposal would raise annual disinflation from 15% to 30% only if a related SIMD-0550 change is accepted and activated; until such changes are implemented any monetary effect is conditional. Net supply impact for either network depends on tokens issued during the same reporting period and on how much fee revenue is distributed after commissions.