Ethereum vs. Solana: A Comparison by 21 Shares.

crypthub

about 14 hours ago

Solana’s Recent Financial Performance

Solana (SOL) has experienced a period of success, currently trading below its all-time high but still demonstrating significant financial growth. The network generated $2.85 billion in revenue last year, thanks to the expansion of its ecosystem. Monthly revenue averaged $240 million, with peaks reaching $616 million during a memecoin surge. This represents a robust financial year for Solana.

Revenue Sources and Comparison with Ethereum

Solana’s revenue comes from various sectors including DeFi, AI applications, and decentralized exchanges. Trading platforms like Photon and Axiom account for a large portion of this income, approximately 39%. In comparison, Ethereum generated significantly less revenue – under $10 million monthly – five years after its launch. This demonstrates a substantial difference in growth and financial output.

Solana's Advantages and Active Users

Solana's efficiency, scalability, and lower transaction costs are attracting a large number of active users. The network currently supports between 1.2 and 1.5 million daily active addresses. This surpasses Ethereum’s user activity at a comparable growth stage, highlighting Solana's growing popularity.

Growing Institutional Interest

Publicly traded companies are increasingly holding Solana (SOL) in their treasuries. Forward Industries and Sharps Technology are among the leading companies with substantial Solana holdings. The total amount of SOL held by these companies is approximately $4 billion.