#我要上精选  Solana applications outperform Ethereum rivals in revenue.

Despite the overall slowdown in the cryptocurrency market and the decline in retail trading activity, the Solana network continues to surpass Ethereum in terms of revenue generation.

According to the data received, Solana maintains its leadership over Ethereum with a significant revenue difference between applications running on both networks. According to a February 10 post by a crypto researcher named Aylo, Solana applications generated up to 10 times more revenue than their Ethereum counterparts.

This revenue advantage persists even when considering layer-2 scaling solutions (L2s) designed to increase Ethereum's trade processing capacity. Aylo noted that adding any L2 to Ethereum's existing revenue does not close the gap with Solana's earnings. On February 9, Solana generated over $8.4 million in revenue, while Ethereum's revenue on the same day was $875,571.

Ethereum's leading L2s Arbitrum have total value locked (TVL) of approximately $14 billion and $11.5 billion respectively. However, although Solana's TVL is significantly lower ($9.5 billion) compared to Ethereum's approximately $56.8 billion, this does not appear to have affected its ability to generate revenue.

The increase in Solana's revenues is largely attributed to the increase in trading of memecoins, which became a key component of the network's decentralized finance (DeFi) ecosystem in 2024.

According to Messari's research, Solana's total app revenue increased by 213% in the fourth quarter of 2024, and this increase was largely driven by speculation in memecoin markets.

One standout was launch platform memecoin, which reported $235 million in revenue in the fourth quarter, up 242% from the previous quarter.

Commenting on the continued popularity of Memecoin trading, Aylo likened the trend to the enduring appeal of online gambling. According to data, this trend supports the valuation of Solana's native token, SOL, which has appreciated almost twice as fast as Ethereum's ETH since the beginning of 2024.

Despite SOL's strong performance, Aylo believes Solana is still in an advantageous position and is not as overvalued as many other layer-1 and layer-2 networks.