Recently, Solana (SOL) has surpassed Ethereum (ETH) in terms of application revenue. Solana generates $18.01 million daily from applications, while Ethereum only earns $3.54 million in the same period. This shift in revenue generation, compared to past trends where Ethereum was usually ahead, has attracted significant attention. The increase in revenue coincides with the expansion of the Solana network and increased usage. Due to its low fees and high network speed, Solana has attracted many developers and users. The number of decentralized applications (dApps) on Solana has also increased and in some aspects even surpassed Ethereum. However, although Solana currently earns more from applications than Ethereum, there is still a significant difference in market value. Solana’s market cap is around $113.5 billion, while Ethereum’s market cap is $378.64 billion. This difference indicates that the market has not fully embraced Solana’s network growth yet. If Solana continues to grow and attract more users and developers, it may be evaluated differently in the future. Some believe that Solana may soon reach a value close to Ethereum. According to predictions, if Solana reaches Ethereum’s market value, its price could reach around $778. Currently, Solana’s price is about $234, and its fluctuations heavily depend on market interest and investment institutions. If Solana’s price remains above $230, we might witness growth towards $250 or even $300; however, if the price drops, it may reach its next support level at around $200. You can track the prices of all tokens and cryptocurrencies live on the momentary price page of digital currencies.
