Solana overtakes Ethereum in fees, but ETH still leads on burned supply
DefiLlama's September 22 snapshot shows Solana generating more fees than Ethereum, while ETH retains the lead on tokens burned.
Solana has moved ahead of Ethereum on fee generation, according to a DefiLlama snapshot dated September 22, while Ethereum continues to lead on the burn — the ETH permanently removed from supply through EIP-1559.
Two metrics, two answers
The two readings describe different things. Fee totals reflect what users pay for blockspace on each network, while burn totals capture only the portion of ETH destroyed rather than the full fee take. A chain can therefore lead on one measure and trail on the other at the same moment.
- Fee generation: how much users pay to transact on a network.
- Burn: ETH removed from supply via the base-fee mechanism, specific to Ethereum's design.
- Staking receipts and holder returns are separate figures again, and are not captured by either headline number.
The comparison circulated alongside a broader point: fee generation, staking receipts and holder returns each require their own measure, and collapsing them into one ranking can mislead. The DefiLlama figures are a point-in-time reading, and totals on both networks will shift with activity levels over longer windows.