Solana has seen rapid growth in its network and on-chain activity, surpassing Ethereum in key metrics, yet its market value remains at only 25% of Ethereum's. As of now, Solana's market capitalization stands around $100 billion compared to Ethereum’s $391 billion. Recent reports highlight that Solana's decentralized applications (dApps) have generated more revenue than Ethereum’s, indicating growing utility and economic value within Solana’s ecosystem. Metrics like Real Economic Value (REV) and Total Application Revenue (TAR) suggest increased demand for blockspace and applications on Solana. Despite recent struggles due to the FTX collapse, Solana's native token has seen a significant price increase. However, concerns persist regarding network stability; Solana has experienced several outages that could affect user trust. Still, Solana remains attractive to developers due to low operational costs and quick deployment. Analysts speculate further growth may come from regulatory developments in the U.S.

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