Crypto: Solana Overtakes Ethereum in dApps

Solana generates $38.2 million in revenue from dApps in seven days, compared to Ethereum's dismal performance, which no longer holds up even when adding up its entire ecosystem. Are we witnessing the beginning of a new era in the crypto market?

In Brief

• $38.2 million in revenue from dApps for Solana in seven days, compared to $11.7 million for Ethereum.
• Ethereum, Base, Polygon, and OP Mainnet combined make $21.2 million, against $38.2 million for Solana.
• In August 2026, Solana was already number 1 of the month with $143 million, accounting for 38% of the total on-chain according to DefiLlama.
• Join us on October 31, 2026, for the month's closure to see if this crypto lead still holds.

Solana Outperforms Ethereum in dApps in 7 Days

Solana earns more than three times what Ethereum earns from dApps in 7 days, with $38.2 million compared to $11.7 million according to Token Terminal, in a ranking published by Solana Hub on October 10, 2026. Hyperliquid, a very fast crypto trading platform, comes in second with $14.8 million. Ethereum still makes it to the podium, but not on the highest step.

Why follow this number? Because it can signal strong activity that brings money to the crypto network, beyond the tokens that are bought in hopes of a rise. However, it does not count the number of orders placed. Also, be cautious about the scope as the ranking follows entities of different natures (blockchains, platforms, ecosystems), it does not compare ten identical blockchains.

|------|-------------|-------------------------------------------------------| | Rank | Network | Application Revenue over 7 Days (millions of dollars) | | 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 |

Source: Token Terminal, ranking published by Solana Hub on X, data from the last 7 days as of October 10, 2026.

Why Do Crypto Users and Developers Choose Solana?

Because crypto transactions cost very little and are fast, allowing trading applications to operate at scale. In August 2026, two trading terminals, Axiom (approximately $24 million) and FOMO (approximately $14.6 million), generated nearly $38.6 million out of the $143 million in application revenue for the month, according to DefiLlama. According to our calculations, this represents 27% of the total.

The effect is that of a snowball because the more crypto traders exchange, the more the applications (dApps) earn. The more they earn, the more other teams come to build in the same place. Solana is also said to be monolithic, everything happens on a single chain, with a single pool of money available for exchange. This can facilitate the flow of liquidity and the execution of transactions.

Is the Ethereum Ecosystem Underestimated by Its Main Network?

Partly. Over seven days, Ethereum with its $11.7 million only represents a portion of the activity of its ecosystem. Base ($4.3 million) and OP Mainnet ($1.2 million) are Layer 2 solutions of Ethereum, and Polygon ($4.0 million) is a neighboring network, whose PoS network has a distinct technical status from a classic Layer 2. According to our calculations, this expanded scope totals $21.2 million. However, even with this expanded scope, Solana still maintains a $17 million lead.

Crypto: Has Solana Defeated Ethereum for Good?

Not yet... A seven-day ranking does not prove a sustainable reversal. However, Solana is not new to its success against Ethereum as in August 2026, it was already number 1 in dApp revenues, and the official account of the crypto network made it known on X:

Solana is number 1 for application revenue in August with $143M. 38% of all on-chain application revenue.

But revenues do not tell the whole story. They do not measure liquidity, security, the value locked in applications (TVL), or the number of active users. Especially since Solana still has points to prove. These revenues mainly come from trading, thus from an activity that follows the appetite for risky assets. Therefore, we will need to look at these performances over three to six months to see if they last.

The competition between Solana and Ethereum pushes the entire crypto sector to move faster, and Solana is no longer just a challenger in dApp revenues. The real test will come at the end of the month, on October 31, 2026. Do you think Ethereum will reclaim the top spot thanks to its Layer 2 solutions, or is SOL the new king of dApps?