The post Solana Apps Generate 10x More Revenue Than Ethereum: Research appeared on BitcoinEthereumNews.com.

Solana is defying the market downturn, generating significantly more revenue than Ethereum. Data collected by blockchain researcher Aylo shows Solana-based apps pulled in ten times more revenue than their Ethereum-based counterparts. Speculation as an Economic Backbone Aylo’s figures revealed Solana’s stronghold is on-chain activity. In the last 24 hours, apps on the network generated $8.4 million in revenue, nearly 10x more than Ethereum’s $875,613 in the same period. This trend also extended to trading volumes, with Solana doubling Ethereum’s numbers. Trading on the world’s second-largest blockchain by total value locked (TVL) hit $5.39 billion, more than twice the $2.14 billion recorded on its much larger rival. It was the same with perpetual trading volumes, with Solana registering $1.09 billion compared to Ethereum’s $470 million. According to Aylo, this surge is largely fueled by retail speculation and high-frequency trading on Solana-based apps. Platforms such as Pump.fun and Bonkbot have contributed hugely to this revenue, creating a relatively stable financial base for the network. The researcher argued that the foundation of Solana’s economic security is mainly built on speculative activity, adding that he does not see such activity ending any time soon: “Just like online gambling never ceases, neither will this gambling/speculation, whether you like it or not (people like to play unwinnable lotteries). Solana has captured one of crypto’s biggest use cases.” However, some critics questioned Aylo’s numbers, arguing that app revenue metrics from DefiLlama, which the analyst seemingly relied on, might not be entirely accurate. According to them, some major Ethereum apps, such as Uniswap, are not included in the dataset. Despite the inroads Solana is making, Ethereum has maintained its dominance in large trade volumes and liquidity pools. A recent report by OKX revealed that most high-value trades, especially those larger than $50,000, still occur on the network and its…

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Filed under: News - @ February 15, 2025 12:16 pm