Solana’s app revenues surpassed Ethereum’s by a factor of 10 despite a market downturn, with Solana earning over 8.4 million USD against Ethereum’s 875,571 USD on February 9, 2025.

As of now, Solana’s total value locked stands at 9.5 billion USD, significantly lagging behind Ethereum’s 56.8 billion USD, highlighting the disparity in locked assets between the two networks.

The remarkable growth in Solana’s revenues in Q4 2024, which increased by 213%, was heavily linked to a rise in memecoin trading, enhancing Solana’s position in the market.