Row 7398

Row ID: 7398 | Dataset Entry | Axioma AXP Content Repository

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On May 12th, SOL made more money in transction fees+MEV than ETH (the small bars in the right). First time ever!

This is significant because already SOL blows ETH out of the water in regards to number of transactions. So now there are more SOL transactions AND they make more money, even with lower fees than ETH.

I would say ETH is a dying chain. It’s like Boeing: big, lumburious, expensive, takes a long time to finally die. People are just clunky to it and are in denial about how bad it is.

Why the hell are people willing to pay such huge transaction fees, and willing to wait so long for the transaction to complete? Something about security? Weird because I haven’t heard any concerns about SOL’s security.

I want to hear the ETH-maxis howl with rage when they get flipped. It may not be this cycle, but I believe it will happen eventually.

FieldValue
text On May 12th, SOL made more money in transction fees+MEV than ETH (the small bars in the right). First time ever! This is significant because already SOL blows ETH out of the water in regards to number of transactions. So now there are more SOL transactions AND they make more money, even with lower fees than ETH. I would say ETH is a dying chain. It’s like Boeing: big, lumburious, expensive, takes a long time to finally die. People are just clunky to it and are in denial about how bad it is. W…
label r/solana
dataType post
communityName r/solana
datetime 2024-05-16
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url_encoded Z0FBQUFBQm5Lak9IVXVtY1psTkthdXV3YjZJc0wxZkk5SUpuU2FXalNabmVqYldlX3Y3WFRuMlZzdzJRczI5SWJ5cG9SaTBka1paZmJsZFlXbU1CU2YxRVFYLTRYWDQ0UVhpZ1hoUnIya0kzbHkyaW4zcDBXRzFaUm9zRXY0eTdlN09mUjZRMEl4cU5tWkRwRHpzVE5la09SbmNWdmdoWHJTa0xOZHh2RWlOU3VVaGVSUDVqOXp2YUo0TmNiMmppMlVobkd2eFowb1Vh

Raw Record

{
  "text": "On May 12th, SOL made more money in transction fees+MEV than ETH (the small bars in the right). First time ever!\n\nThis is significant because already SOL blows ETH out of the water in regards to number of transactions. So now there are more SOL transactions AND they make more money, even with lower fees than ETH.\n\nI would say ETH is a dying chain. It’s like Boeing: big, lumburious, expensive, takes a long time to finally die. People are just clunky to it and are in denial about how bad it is.\n\nWhy the hell are people willing to pay such huge transaction fees, and willing to wait so long for the transaction to complete? Something about security? Weird because I haven’t heard any concerns about SOL’s security.\n\nI want to hear the ETH-maxis howl with rage when they get flipped. It may not be this cycle, but I believe it will happen eventually.",
  "label": "r/solana",
  "dataType": "post",
  "communityName": "r/solana",
  "datetime": "2024-05-16",
  "username_encoded": "Z0FBQUFBQm5LakwzVTEtRm4ybzlqdzdDRTZmeUY5YmVRUVJOWGJVQ0diNnFiTnIxejJvR3VoOFJZR0syQTVCcGVabXByRlVCX1FVeDdZQ1BBRWRGQlpyaFVzdEpDUWNMM3RXaFNHN1kxejdVRWdTcFd0QTZrWFE9",
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}
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