Analysis: SOL's Year-to-Date Peak Valuation Performance Similar to ETH in 2021

BlockBeats News, May 18, DBA Co-founder Jon Charbonneau released data analysis indicating that when Ethereum and SOL reached their all-time high prices, network revenue also reached an all-time high, and the peak annualized revenue multiples were roughly equal, at around 26.5 times.

The peak price of Ethereum occurred in November 2021, with monthly network revenue at around $1.83 billion, equivalent to an annualized network revenue of approximately $219 billion, Ethereum's FDV was $578.71 billion, with a valuation multiple of 26.42 times.

The peak price of Solana occurred in January 2025, with monthly network revenue at around $550 million, equivalent to an annualized network revenue of approximately $6.61 billion, Solana's FDV was $177 billion, with a valuation multiple of 26.77 times.