BlockBeats News, May 18, DBA co-founder Jon Charbonneau released data analysis indicating that when Ethereum and SOL reached their all-time high prices, their network revenues also peaked at all-time highs, and the peak annualized revenue multiples were roughly equal, around 26.5 times.
The peak price of Ethereum occurred in November 2021, when monthly network revenue was approximately $1.83 billion, equivalent to an annualized network revenue of about $219 billion, with Ethereum FDV at $578.71 billion, resulting in a valuation multiple of 26.42 times.
The peak price of Solana occurred in January 2025, when monthly network revenue was approximately $550 million, equivalent to an annualized network revenue of about $6.61 billion, with Solana FDV at $177 billion, resulting in a valuation multiple of 26.77 times.
