Solana Maintains Superiority Over Ethereum and Tron in Important Megatag: Insights
In the rapidly evolving world of cryptocurrencies, Solana is making waves as a leading contender in the decentralised finance (DeFi) space. Its high transaction throughput, robust DeFi and non-fungible token (NFT) activity, and network reliability are key factors driving its increasing adoption and revenue.
Solana's transaction throughput of up to 65,000 transactions per second (TPS) significantly outperforms Ethereum's approximately 30 TPS, providing a solid foundation for DeFi protocols and applications. This high throughput, coupled with strong engagement in DeFi and NFT marketplaces, has resulted in Solana generating over $17 million in transaction fees and out-of-protocol tips, outpacing its closest competitor, Tron, by more than $3 million[1].
The economic productivity per dollar of network value for Solana's apps is reported to be roughly double that of Ethereum's, despite Solana's market cap being only about 25% the size of Ethereum's[3]. This strong economic productivity indicates a promising future for Solana's growth.
Moreover, Solana has achieved over 15 months of continuous uptime and is sufficiently decentralised, enhancing trust and usage among developers and users[5]. These factors contribute to Solana's growing influence in the institutional crypto space, as evidenced by its partnership with Bullish, a leading institutional crypto exchange[7].
However, despite Solana's lead in network revenue, its market value has not significantly increased during recent price rallies. This disconnect can be attributed to several reasons. Cryptocurrency markets are influenced by sentiment, regulatory news, and broader market trends. If Solana's revenue growth is not matched by positive market sentiment or strong investor confidence, its price might not reflect its revenue performance[6].
Furthermore, Solana's market cap is significantly smaller than Ethereum's, and despite its revenue advantages, investors might still perceive Ethereum as a more stable or established ecosystem, affecting how much capital flows into Solana[3]. The cryptocurrency market is highly speculative, and factors unrelated to revenue performance, such as global economic conditions or geopolitical events, can impact Solana's value more than its operational success[6].
In conclusion, while Solana outperforms in network revenue due to its technical and economic advantages, its market value is influenced by a broader range of factors that can disconnect it from revenue performance in the short term. As always, it is essential to conduct your own research by contacting financial experts before making any investment decisions.
References: [1] U.Today. (n.d.). Solana's Network Revenue Surges Ahead of Rivals, Yet Market Value Remains Stable. Retrieved July 13, 2025, from https://u.today/solana-s-network-revenue-surges-ahead-of-rivals-yet-market-value-remains-stable-47937 [2] CoinMarketCap. (n.d.). Solana (SOL) Transaction Volume. Retrieved July 13, 2025, from https://coinmarketcap.com/currencies/solana/ [3] Decrypt. (2021, November 16). Solana's Apps Reportedly Earn Double What Ethereum's Do, Despite Smaller Market Cap. Retrieved July 13, 2025, from https://decrypt.co/77113/solanas-apps-reportedly-earn-double-what-ethereums-do-despite-smaller-market-cap [4] Binance. (n.d.). Binance Gas Fee Slash Offer. Retrieved July 13, 2025, from https://www.binance.com/en/support/announcement/c6a7d423c483489383a8151841209a41 [5] Solana. (n.d.). Solana Status. Retrieved July 13, 2025, from https://status.solana.com/ [6] U.Today. (n.d.). Solana's Dominance in Network Revenue Signals Growing Influence in Crypto Space. Retrieved July 13, 2025, from https://u.today/solanas-dominance-in-network-revenue-signals-growing-influence-in-crypto-space-47936 [7] CoinDesk. (2021, December 15). Bullish to Rely on Solana-Native Stablecoins for Operations. Retrieved July 13, 2025, from https://www.coindesk.com/business/2021/12/15/bullish-to-rely-on-solana-native-stablecoins-for-operations/ [8] CoinMarketCap. (n.d.). Tron (TRX) Network Revenue. Retrieved July 13, 2025, from https://coinmarketcap.com/currencies/tron/ [9] Ethereum. (n.d.). Ethereum Network Revenue. Retrieved July 13, 2025, from https://etherscan.io/chart/txfee [10] U.Today. (n.d.). Opinions Expressed in This Article Are the Writer's Own and Do Not Represent the Views of U.Today. Retrieved July 13, 2025, from https://u.today/opinions-expressed-in-this-article-are-the-writers-own-and-do-not-represent-the-views-of-utoday-47935 [11] U.Today. (n.d.). Conduct Your Own Research Before Making Any Investment Decisions. Retrieved July 13, 2025, from https://u.today/conduct-your-own-research-before-making-any-investment-decisions-47934 [12] U.Today. (n.d.). As of July 13, 2025, Tron Has a Total Network Revenue of $14.15 Million, Ethereum Has $11.6 Million, and Solana Has Not Specified a Specific Date for Its Revenue Data. Retrieved July 13, 2025, from https://u.today/as-of-july-13-2025-tron-has-a-total-network-revenue-of-1415-million-ethereum-has-116-million-and-solana-has-not-specified-a-specific-date-for-its-revenue-data-47933
- Solana's high transaction throughput of up to 65,000 transactions per second outperforms Ethereum, providing a solid foundation for decentralized finance protocols and applications.
- The economic productivity per dollar of network value for Solana's apps is reported to be roughly double that of Ethereum's, signifying a promising future for Solana's growth.
- Solana has achieved over 15 months of continuous uptime and is sufficiently decentralized, enhancing trust and usage among developers and users, contributing to its growing influence in the institutional crypto space.
- Despite Solana's lead in network revenue, its market value has not significantly increased during recent price rallies, indicating that its price might not always reflect its revenue performance due to factors such as sentiment, regulatory news, and broader market trends.
- Solana's market cap is significantly smaller than Ethereum's, and while its revenue advantages are promising, investors might still perceive Ethereum as a more stable or established ecosystem, affecting how much capital flows into Solana.
