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#SolanaRevenueTopsEthereum
Solana Revenue Tops Ethereum: Which One Do I Favor Mid-to-Long Term? (SOL vs ETH)
In the first half of 2025, Solana surpassed Ethereum in protocol revenue for the first time ever. Year-to-date, Solana has generated roughly $250M in protocol revenue while Ethereum is still trailing behind. This marks one of the most concrete and symbolic turning points in the decade-long “Ethereum vs Solana” debate.
Is this just another short-lived meme coin/trading frenzy, or is Solana genuinely positioning itself to challenge Ethereum’s dominance over the medium-to-long term?
What happened in the Short Term?
- Massive meme coin mania (late 2024 – mid 2025) drove extremely high but low-value transaction counts
- Platforms like Pump.fun + dirt-cheap fees → 50–150M daily transactions on many days
- Base chain cooling off + Tron losing some stablecoin dominance → capital rotated into Solana
- Jito + MEV optimizations significantly boosted validator revenue
Result: Solana currently leads in combined fee burning + validator revenue.
My Personel Stance (Late 2025 – 2030 view)
Short-to-medium term (2025–2027):
SOL currently has stronger momentum, hype cycles, and retail attention → higher return potential.
In risk-on environments, SOL tends to outperform ETH by 2–4× during explosive periods.
Long term (2028 and beyond):
I still believe Ethereum has the higher probability of maintaining its position as the dominant chain for institutional, RWA, stablecoin, treasury, and “digital reserve asset” use cases.
Solana, however, has a very realistic shot at becoming the world’s dominant payment layer + largest retail transaction network.
Likely Scenario (my subjective guess)
- 2026–2027 peak: SOL/ETH ratio could reach 0.08 – 0.14 during the height of a hype cycle
- 2028–2030: likely settles back into **0.04 – 0.09** range
- I don’t expect a return to the 0.01–0.02 death zone we saw in 2021–2022 (i.e. I don’t see another catastrophic SOL collapse)
Bottom line (my personal bias):
If you can only hold one → I still lean ETH for the long term.
If you’re willing to take more risk and want something with 2–4× more volatility/upside potential in the next 1–3 years → SOL looks more attractive at current momentum.
What do you think — one winner, or do both end up winning in their own lanes?
Solana Revenue Tops Ethereum: Which One Do I Favor Mid-to-Long Term? (SOL vs ETH)
In the first half of 2025, Solana surpassed Ethereum in protocol revenue for the first time ever. Year-to-date, Solana has generated roughly $250M in protocol revenue while Ethereum is still trailing behind. This marks one of the most concrete and symbolic turning points in the decade-long “Ethereum vs Solana” debate.
Is this just another short-lived meme coin/trading frenzy, or is Solana genuinely positioning itself to challenge Ethereum’s dominance over the medium-to-long term?
What happened in the Short Term?
- Massive meme coin mania (late 2024 – mid 2025) drove extremely high but low-value transaction counts
- Platforms like Pump.fun + dirt-cheap fees → 50–150M daily transactions on many days
- Base chain cooling off + Tron losing some stablecoin dominance → capital rotated into Solana
- Jito + MEV optimizations significantly boosted validator revenue
Result: Solana currently leads in combined fee burning + validator revenue.
My Personel Stance (Late 2025 – 2030 view)
Short-to-medium term (2025–2027):
SOL currently has stronger momentum, hype cycles, and retail attention → higher return potential.
In risk-on environments, SOL tends to outperform ETH by 2–4× during explosive periods.
Long term (2028 and beyond):
I still believe Ethereum has the higher probability of maintaining its position as the dominant chain for institutional, RWA, stablecoin, treasury, and “digital reserve asset” use cases.
Solana, however, has a very realistic shot at becoming the world’s dominant payment layer + largest retail transaction network.
Likely Scenario (my subjective guess)
- 2026–2027 peak: SOL/ETH ratio could reach 0.08 – 0.14 during the height of a hype cycle
- 2028–2030: likely settles back into **0.04 – 0.09** range
- I don’t expect a return to the 0.01–0.02 death zone we saw in 2021–2022 (i.e. I don’t see another catastrophic SOL collapse)
Bottom line (my personal bias):
If you can only hold one → I still lean ETH for the long term.
If you’re willing to take more risk and want something with 2–4× more volatility/upside potential in the next 1–3 years → SOL looks more attractive at current momentum.
What do you think — one winner, or do both end up winning in their own lanes?
