Solana -based applications now largely outdo Ethereum by generating revenues ten times higher, according to the Aylo cryptography researcher. This performance occurs despite a lowering market context and a slowdown in transactions.
Solana generates 10 times more income than Ethereum
On February 9, Solana generated impressive revenues of $ 8.4 million, widely eclipstating the $ 875,571 of Ethereum for the same period, according to Defillama data. Crypto researcher Aylo stressed on the X platform that Solana applications surpass their counterparts on Ethereum up to ten times.
This performance remains impressive even taking into account the main L2 channels of Ethereum, such as Arbitrum and Base, which manage respectively 14 billion and 11.5 billion dollars of total locked value (TVL).
“” You can connect any L2 you want and add it over it and it doesn't make any difference at the moment “, has declared Aylo.
Notable fact, this domination in terms of income comes while Solana's TVL remains significantly lower than that of Ethereum (9.5 billion against $ 56.8 billion). This disparity highlights the growing efficiency of the Solana ecosystem in the revenue generation, despite a more modest capitalization.
The same effect as growth catalyst
The spectacular progression of Solana's income has its origin in the explosion of the same market in early 2024. According to a Messari report, the cumulative income of Solana applications jumped 213 % in the fourth quarter of 2024, mainly carried by this phenomenon.
The Pump.Fun platform, specializing in the launch of the same, perfectly illustrates this trend with quarterly income of 235 million dollars, an increase of 242 %.
This dynamic has also propelled the valuation of the ground token, which has been progressing twice faster than ETH since the start of the year. For Aylo, this performance is not surprising: ” Solana has managed to capture one of the most important use cases of the crypto, namely speculation, which, like online gambling, will never stop. »»
The researcher underlines that despite these impressive results, Solana retains a reasonable valuation compared to other level 1 and 2 blockchains, suggesting a still significant growth potential for the ecosystem. This perspective is reinforced by Vaneck's forecasts, which anticipates a soil progression up to $ 520 by the end of 2025.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
