$ETH & $SOL : HIGHEST NETWORK REVENUE AT PEAK PRICE – AN INTERESTING COINCIDENCE? 📈🔗📊
According to BlockBeats, Jon Charbonneau (co-founder of DBA) just shared a NOTABLE DATA ANALYSIS: Both Ethereum (ETH) and Solana (SOL) reached HIGHEST NETWORK REVENUE when their token prices HIT HISTORICAL PEAKS.
SURPRISING SIMILARITY:
The analysis indicates that the ANNUAL REVENUE MULTIPLES at these peak times are CLOSELY EQUAL, around 26.5 TIMES.
DETAILS FOR EACH NETWORK:
ETHEREUM (Peak T11/2021):
Monthly network revenue: ~1.83 billion USD (annual ~219 billion USD). FDV (Fully Diluted Valuation): 578.71 billion USD.
Valuation multiple: 26.42 times.
SOLANA (Peak T1/2025):
Monthly network revenue: ~550 million USD (annual ~6.61 billion USD). FDV: 177 billion USD.
Valuation multiple: 26.77 times.
ANALYSIS:
CORRELATION BETWEEN NETWORK ACTIVITY AND PRICE: This data shows a STRONG RELATIONSHIP between economic activity on the network (reflected in revenue) and the value of the token. When the network is widely used and generates significant revenue, the token price tends to rise.
SIMILAR VALUATION MULTIPLES: The fact that both major networks have nearly equivalent annual revenue multiples at peak prices could be an INTERESTING BENCHMARK for assessing other blockchains, although many other factors need to be considered.
MARKET SIGNAL?: Is this a "threshold" valuation that the market tends to accept for leading blockchains as they reach peaks of excitement and activity? This is an open question that requires monitoring.
Note: This information is for reference only and is not investment advice.
