Will Solana Flip Ethereum? Revenue Numbers Show Disturbing Trend
Solana is about to flip Ethereum in income numbers for the primary time ever. Solana co-founder Anatoly Yakovenko commented on this improvement, highlighting the hole between each networks whereas additionally questioning how they may maintain this pattern.
Solana On Course To Flip Ethereum In Yearly Revenue
In an X post, the Solana treasury firm DeFi Development Corporation (DFDV) revealed that SOL is on target to surpass ETH in annual income for the primary time. The firm said that this isn’t only a milestone however “as a substitute a regime shift.” DFDV added that SOL stands because the income chain, the place the decentralized functions (dApps) of tomorrow will reside, scale, and breathe.
The accompanying chart exhibits that SOL has recorded annual income of $1.4 billion year-to-date (YTD), whereas the Ethereum network has recorded $522 million. As DFDV famous, this marks a major shift, provided that ETH surpassed SOL in earlier years. In 2024, Ethereum recorded an annual income of $2.5 billion, whereas SOL recorded $1.42 billion.
Notably, Ethereum’s income is down round 90% in 5 years, whereas Solana’s income has elevated round 5,000% in the identical interval. DeFiLlama data exhibits that dApps corresponding to Pump.enjoyable, Axiom, Meteroa, Jupiter, and Phantom have actively contributed to the income recorded on SOL. Meanwhile, the community has additionally generated base charges paid by customers.
Commenting on this milestone, Solana’s co-founder said that it has been a “loopy 12 months” and famous that whether or not open permissionless protocols can truly develop and keep income stays an open query. Yakovenko additional remarked that he believes your entire crypto market cap will proceed to develop and, ultimately, should be break up by income.
He additionally said that Solana and Ethereum’s solely shot at that is within the execution layer. Yakovenko defined that offering the very best execution layer will imply world decentralized, low-latency, and high-throughput censorship resistance.
“SOL Is Dying”
Amid Solana’s income milestone over Ethereum, DeFi maxi Scribbler has declared that Solana is dying. In an X post, he famous that over 30 million individuals had been buying and selling on the community every month between November final 12 months and February this 12 months. However, since then, the network has struggled to average 1 million merchants month-to-month.
This is probably going because of the slowdown in meme coin buying and selling on the SOL community, which gained it a whole lot of traction final 12 months and at the beginning of this 12 months, when U.S. President Donald Trump launched his meme coin, TRUMP. However, crypto commentator Marty doesn’t consider that that is the tip for Solana, stating that fairness merchants and stablecoin customers will exchange the meme coin merchants.
Notably, Galaxy Digital and Forward Industries have tokenized their shares on SOL, whereas the community can also be seeing rising exercise in stablecoin transactions. Visa just recently announced plans to start USDC stablecoin settlements on Solana for U.S. banks.