Solana surpasses Ethereum in dApps

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Solana's dApp revenue reached US$38.2 million in seven days, and Ethereum's performance was sluggish

Solana generated US$38.2 million in revenue through decentralized applications (dApps) in seven days, while Ethereum's performance was dwarfed. Even if you add up the revenue of the entire Ethereum ecosystem, it will be difficult to compete with Solana. Are we witnessing the beginning of a new era in the crypto market?

Quick overview of core data

Solana's dApp revenue in seven days was $38.2 million, while Ethereum's revenue was only $11.7 million.
Total revenue from Ethereum, Base, Polygon and OP Mainnet was US$21.2 million, still below Solana's US$38.2 million.
As of August 2026, Solana has topped the monthly list with revenue of US$143 million, accounting for 38% of total chain revenue (Data source: DefiLlama).
Let's wait and see whether this lead is still solid at the end of the month settlement on October 31, 2026.

Solana's dApp revenue far exceeded Ethereum in seven days

According to Token Terminal data and a ranking released by Solana Hub on October 10, 2026, Solana's dApp revenue in seven days exceeded Ethereum's by three times, with US$38.2 million and US$11.7 million respectively. Hyperliquid, a fast crypto trading platform, ranked second with revenue of US$14.8 million. Although Ethereum still ranks in the top three, it failed to reach the top podium.

The reason for focusing on this indicator is that it reflects the powerful activity ability to bring real money to the crypto network, which goes beyond the logic of simply buying tokens in order to add value. However, this data does not count the number of orders. In addition, note the scope of the ranking: the ranking covers entities of different natures (blockchains, platforms, ecosystems) and is not a direct comparison between ten identical blockchains.

dApp revenue ranking (past 7 days, in millions of dollars)

Ranking Network/Platform Application Revenue 1 Solana 38.2 2 Hyperliquid 14.8 3 Ethereum 11.7 4 BNB Chain 6.6 5 Base 4.3 6 Robinhood 4.2 7 Polygon 4.0 8 OP Mainnet 1.2 9 Avalanche 0.874 10 Near 0.665

Data source: Token Terminal, ranking released by Solana Hub on the X platform, data as of the past 7 days on October 10, 2026.

Why do encryption users and developers choose Solana?

Due to the extremely low transaction costs and extremely fast speed on Solana, this allows trading applications to be operated on a large scale. According to DefiLlama data, in August 2026, revenue generated by two trading terminals Axiom (approximately US$24 million) and FOMO (approximately US$14.6 million) was close to US$38.6 million, accounting for a large part of the total application revenue of US$143 million that month. After calculation, this accounts for approximately 27% of the total.

This effect is like a snowball: the more crypto traders trade, the more revenue the apps (dApps) earn; the higher the revenue, the stronger the incentive for other teams to build ecosystems here. Solana is also known as a "monolithic" architecture; everything happens on a single chain, with a single available reserve of funds for exchange. This helps promote liquidity flows and transaction execution.

Does the Ethereum Mainnet underestimate its ecosystem?

Partly.

在七天内，以太坊仅凭其1170万美元的收入，仅代表了其生态系统活动的一部分。Base（430万美元）和OP Mainnet（120万美元）是以太坊的第二层解决方案（Layer 2），而Polygon（400万美元）是一个相邻网络，其PoS网络的技术地位不同于经典的Layer 2。根据我们的计算，这一扩展范围的总收入为2120万美元。但即便加上这一扩展范围，Solana仍保持1700万美元的优势。