Solana has reached a historic moment - the network revenue this year has already reached $1.4 billion, a figure that is nearly 3 times that of Ethereum's revenue during the same period. This is the first time in history that the SOL chain is expected to surpass Ethereum in annual revenue.

From the perspective of on-chain economic efficiency, the growth rate of Solana is quite astounding. Its high throughput and low-cost characteristics are translating into tangible network gains. Although Ethereum's ecosystem remains enormous, its revenue growth has clearly lagged in this cycle.

What this reflects is the market's repricing of the value propositions of different public chains—speed, cost, and availability are becoming the new selection criteria for traders and developers. SOL's report card is worth paying attention to for the subsequent performance of the entire ecosystem.