Solana generates $38.2 million in revenue from dApps in seven days, compared to a lousy performance from Ethereum which no longer holds up, even when adding up its entire ecosystem. Are we experiencing the start of a new era in the crypto market?
In brief
- $38.2 million in revenue from dApps for Solana in seven days, compared to $11.7 million for Ethereum.
- Ethereum, Base, Polygon and OP Mainnet combined make $21.2 million, compared to $38.2 million for Solana.
- In August 2026, Solana was already number 1 of the month with $143 million, or 38% of the total onchain according to DefiLlama.
- See you on October 31, 2026 for the close of the month which will tell if this crypto advance still holds.
Solana outperforms Ethereum in dApps in 7 days
Solana earns more than three times what Ethereum earns on dApps in 7 days, or $38.2 million compared to $11.7 million according to Token Terminal, in a ranking published by Solana Hub on October 10, 2026. Hyperliquid, a very fast crypto trading platform, comes second with $14.8 million. Ethereum still gets on the podium, but not on the highest step.
Why follow this number? Because it can signal strong activity that brings money to the crypto network, beyond the tokens that we buy hoping for an increase. However, it does not count the number of orders placed. Also pay attention to the scope because the classification follows entities of different nature (blockchains, platforms, ecosystems), it does not compare ten identical blockchains.
| Rank | Network | 7-day application revenue ($ millions) |
| 1 | Solana | 38.2 |
| 2 | Hyperliquid | 14.8 |
| 3 | Ethereum | 11.7 |
| 4 | BNB Chain | 6.6 |
| 5 | Base | 4.3 |
| 6 | Robinhood | 4.2 |
| 7 | Polygon | 4.0 |
| 8 | OP Mainnet | 1.2 |
| 9 | Avalanche | 0.874 |
| 10 | Near | 0.665 |
Why do crypto users and developers choose Solana?
Because crypto transactions cost very little and happen quickly, which allows trading applications to run on a large scale. In August 2026, two trading terminals, Axiom (around $24 million) and FOMO (around $14.6 million), brought in almost $38.6 million of the month’s $143 million in app revenue, according to DefiLlama. According to our calculations, this represents 27% of the total.
The effect is that of a snowball because the more crypto traders trade, the more applications (dApps) earn. The more they win, the more other teams come to build in the same place. Solana is also said to be monolithic, everything happens on a single chain, with a single pool of money available to exchange. Which can facilitate the circulation of liquidity and the execution of transactions.
Is the Ethereum ecosystem undervalued by its mainnet?
In part. Over seven days, Ethereum with its 11.7 million dollarsrepresents only part of the activity of its ecosystem. Base ($4.3 million) and OP Mainnet ($1.2 million) are Layer 2 of Ethereum, and Polygon ($4.0 million) is a neighboring network, whose PoS network has a technical status distinct from a classic Layer 2. According to our calculations, this expanded scope totals $21.2 million. Except that even with this expanded scope, Solana still remains $17 million ahead.
Crypto: Has Solana definitely defeated Ethereum?
Not yet… A ranking over seven days does not prove a lasting reversal. Except that Solana is not its first success against Ethereum because in August 2026, it was already number 1 in dApps revenue, and the official account of the crypto network made it known on X:
Solana is number 1 for application revenue in August with $143 million. 38% of all onchain application revenue.
But income doesn’t tell the whole story. They do not measure liquidity, security, in-app value (TVL), or the number of active users. Especially since Solana still has points to prove. This income comes mainly from trading, therefore from an activity which follows the appetite for risky assets. We will therefore have to look at these performances over three to six months to know if they last.
The competition between Solana and Ethereum is pushing the entire crypto sector to move faster, and Solana is no longer a simple challenger for dApp revenue. The real test will come at the end of the month, October 31, 2026. In your opinion, will Ethereum regain first place thanks to its Layer 2, or is SOL the new king of dApps?
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