Solana Overtakes Ethereum in Fees as ETH Retains Burn Lead
A DefiLlama snapshot dated September 22 shows Solana generating more fees than Ethereum, while Ethereum still leads on ETH burned.
Solana has moved ahead of Ethereum on fee generation in a reading captured by DefiLlama on September 22, while Ethereum continues to hold the lead on tokens burned. The figures come from the data platform's fee tracking and were highlighted in a CryptoSlate report.
The report frames the comparison as a reminder that network activity is measured in several ways that do not move together, and that headline fee totals alone do not describe what either chain's users or token holders actually receive.
Why the metrics diverge
Fee generation reflects how much users pay to transact on a network. On Ethereum, a portion of those fees is burned rather than paid to validators, which is why the chain can trail on total fees in a given window while still leading on burn. Staking receipts, meanwhile, describe what validators and delegators earn, and holder returns depend on issuance, burn and reward flows combined.
- Fee generation: gross amount paid by network users
- Burn: ETH removed from supply via base fees, a figure Ethereum still leads
- Staking receipts: rewards distributed to validators and delegators
- Holder returns: the net effect of issuance, burn and rewards
Fee rankings between the two networks shift with activity levels, so a single snapshot or a short window can differ from longer-window totals. The source material did not include specific dollar figures for either network's fees or burn in the period cited.