V.

Real Economic Value (REV)

Solana has consistently generated more REV than Ethereum since November 2024

90-Day Rolling Average

Definition: REV refers to Real Economic Value, or the total amount users are willing to pay to transact on a blockchain during a given period.

Methodology: Solana REV: Base Fees + Priority Fees + Vote Fees + Jito Tips; Ethereum REV: Base Fees + Priority Fees + MEV-Boost Tips

Source: Blockworks

Application Revenue

Solana is home to several applications that hit a $100M runrate in under one year

90-Day Rolling Average

Definition: A floor on the amount of revenue generated by applications on each chain.

Methodology: Revenue generated by protocols and applications built on each blockchain

Source: DefiLlama

Average Transaction Cost

Solana transaction fees are consistently three orders of magnitude lower than Ethereum

Definition: Total transaction fees divided by total transaction count during a given day (including unsuccessful transactions).

Methodology: Daily transaction fees divided by daily transaction count for each blockchain

Source: TokenTerminal

Decentralized Exchange Volume

Solana DEX volumes consistently exceed those of Ethereum

90-Day Rolling Average

Definition: Total trading volume across all decentralized exchanges on each blockchain during a given period.

Methodology: Aggregated volume from all DEX protocols including Raydium, Orca, Jupiter (Solana) and Uniswap, Curve, SushiSwap (Ethereum)

Source: DefiLlama

Daily Active Addresses

Solana averages 5-6x the number of daily active addresses on Ethereum

Definition: The number of unique addresses that initiated at least one transaction on each blockchain during a given day.

Methodology: Unique address count from all on-chain transactions including successful and failed transactions

Source: DefiLlama

Number of Transactions

Solana processes 51M daily transactions compared to Ethereum's 1.3M (40x more)

Definition: The total number of transactions processed on each blockchain during a given day, including both successful and failed transactions.

Methodology: Complete transaction count including all transaction types, smart contract interactions, and token transfers

Source: DefiLlama