Solana (CRYPTO:SOL), often touted as the "Ethereum Killer," is on track to overtake Ethereum (CRYPTO:ETH) in transaction fees, potentially happening as early as this week, according to Blockworks senior research analyst Dan Smith.

The anticipated flip would mark a significant milestone for Solana, reaffirming its position as a formidable competitor to Ethereum.

Despite ongoing performance issues, Solana has emerged as a key player in the digital asset market in 2024, hosting surging meme coins and leading monthly decentralized exchange (DEX) volume.

While Ethereum maintains its lead in daily transaction fees, Solana's strong performance and rising economic value hint at its growing influence and potential to challenge Ethereum's dominance in the blockchain space.