Solana Overtakes Ethereum on dApps Crypto

Solana generates $38.2 million in revenue on dApps in seven days, compared to Ethereum’s poor 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?

Solana Outperforms Ethereum on dApps in 7 Days

Solana earns more than three times what Ethereum earns on dApps in 7 days, $38.2 million versus $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 second with $14.8 million. Ethereum still makes the podium but not on the highest step.

Why follow this figure? Because it can signal strong activity that generates money for the crypto network, beyond the tokens we buy hoping for an increase. However, it does not count the number of orders placed. Also watch the scope because the ranking follows entities of different natures (blockchains, platforms, ecosystems), it does not compare ten identical blockchains.

Why do Crypto Users and Developers Choose Solana?

Because crypto transactions cost very little there and go through quickly, which allows trading applications to operate at large scale. In August 2026, two trading terminals, Axiom (about $24 million) and FOMO (about $14.6 million), generated nearly $38.6 million of the $143 million of application revenue for the month, according to DefiLlama. According to our calculations, that represents 27% of the total.

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

Is the Ethereum Ecosystem Underestimated by its Main Network?

Partly.

Crypto : Has Solana Definitively Beaten Ethereum?

Not yet… A seven-day ranking does not prove a lasting reversal. Except that Solana is not new to success against Ethereum because in August 2026, it was already number 1 in dApp revenues, and the official crypto network account made this known on X: 

Solana is number 1 for application revenues in August with $143M. 38% of all onchain application revenues.

But revenues don’t tell everything. They do not measure liquidity, security, 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, so from an activity that follows the appetite for risky assets. So these performances will have to be watched over three to six months to know if they last.

The competition between Solana and Ethereum pushes the entire crypto sector to move faster, and Solana is no longer a mere challenger on dApp revenues. The real test will come at the month’s close, October 31, 2026. In your opinion, will Ethereum regain first place thanks to its Layer 2s, or is SOL the new king of dApps?