Solana beats Ethereum’s economy for the first time in October
According to a report by hedge fund Syncracy Capital, Solana now rivals Ethereum in almost every economic metric.
The Solana network has been closing the gap with Ethereum as key metrics indicate a rise in market share revenue in 2024.
A bullish report published on Nov. 12 by hedge fund Syncracy Capital claims that Solana now rivals Ethereum in nearly all major economic metrics, showing consistent growth over the past few months.
According to the report, Solana’s real economic value (REV) was 111% of Ethereum’s REV in October 2024, up from 1% in the same period last year. The metric includes transaction fees and maximal extractable value (MEV) tips paid to validators, indicating the network’s economic activity.
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Author: Ana Paula Pereira
