Solana daily network fees top $1M, highest in six months

Solana’s daily network fee revenue recovered to $1 million on Aug. 19, marking the highest level in the past six months, Crypto Briefing reported. The outlet said the increase came amid a surge in on-chain activity. In the Solana ecosystem, the network fee metric is commonly referred to as REV and includes base fees, priority fees, and MEV tips combined. Solana-based applications also generated $82.9 million in revenue in July, the highest level since February. According to CoinMarketCap, SOL was trading at $94.05, up 0.93%.