Solana Just Overtook ETH For The First Time

Syncracy Capital’s latest stats show SOL officially outpaced ETH across major metrics in October.

Solana’s real economic value (REV) was 111% of Ethereum’s.

Their total application revenue (TAR) hit 109% of Ethereum’s, powered by October’s memecoin craze.

Coins like GOAT and FWOG pumped network activity sky-high and even pushed Solana’s TVL to over 42 million $SOL - a two-year peak.

Source: Mario Nawfal