Analysis: SOL reached a historical peak in January, similar to the valuation of ETH in 2021

ChainCatcher news, according to DBA co-founder Jon Charbonneau's analysis, when Ethereum and Solana reached their all-time high prices, their network revenues also peaked simultaneously, and their valuation multiples were close. Ethereum peaked in November 2021, with an annualized network revenue of approximately $21.9 billion, an FDV of $578.71 billion, and a multiple of 26.42x; Solana peaked in January 2025, with an annualized network revenue of approximately $6.61 billion, an FDV of $177 billion, and a multiple of 26.77x.