Ethereum (ETH) is delivering a counterintuitive signal to the market: even after a sharp one-day drop in network fees, its broader onchain revenue profile remains dominant—underscoring that the key battleground in 2026’s first quarter is not simply cheaper transactions, but the shifting ‘quality of money’ being settled on-chain. Data from the latest onchain revenue snapshot shows Ethereum’s 24-hour fees fell 42.39% to $8.05 million, while Solana (SOL) posted a marginal 0.26% increase to $6.42 million over the same period.
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