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It's pretty wild to see a dApp on Solana outpacing the entire Ethereum blockchain in daily revenue, especially given the so called Ethereum's massive scale and dominance in the crypto space.

ETH has nearly a $400BN market cap and to be outdone by little SOL Apps like Bonk and Jupiter is like McDonalds 13,000 restaurants being outsold by 1 Taco Truck in San Francisco.

Think about that.

People are now saying revenue does not matter. REV and PROFIT is all!

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Nico.B

@James: Hope all is well! Is this not the reason; Legacy performance of ETH vs SOL? Until this narrows there might be ETH stickiness? Ethereum's total lifetime L1 revenue (cumulative transaction fees since genesis in July 2015): Approximately $20.21 billion Solana's total lifetime L1 revenue (cumulative transaction fees since main-net launch in March 2020): Approximately $1.258 billion Best regards,

JayT

Starlord29

Just strange though, the price does not reflect all this sadly so does it matter? I get that sol has gone up alot sine the 8 bucks, but still it got massively beaten down. Just a big game I guess. Similar story with tesla, price surged, beaten down, now floating around while other stocks have massively gone up around it, nvda, mstr and pltr, wished I put more into them, then into tesla for thr longer hall. Oh well. I do thank you for the insights and research to James and team though.

SovereignSats

Anyone questioning SOL's under performance just needs to look into Wintermute, and their role with Binance. When you've got your foot on the water hose, you can definitely affect the flow

RunnerRN

Trump just called Jerome Powell a knucklehead lol

MGM

No argument there mate! Yet, there is no reason for Binance to leave Sol. For as long as they want. Unfortunately for all of us!

Amgt

I asked Grok how the memes and funny project names influence institutional investors to adopt Solana ... this is what it said: The prevalence of meme coins on Solana, with names like Fartcoin or platforms like Bonk.fun, may indeed create a perception hurdle for institutional adoption, as they signal a less serious ecosystem to risk-averse investors. However, Solana’s technical strengths, growing non-meme projects, and existing VC backing suggest it has the potential to overcome this. To attract significant institutional money, Solana’s community and developers may need to emphasize its serious applications and foster a narrative of maturity, while still embracing the retail-driven energy that meme coins bring. Balancing these dynamics will be key to competing with Ethereum for institutional capital.

CHR

In before Binance manipulates SOL and price tanks back to 150 again.

Clark

The evidence keeps piling up. How anyone can still think ETH will remain the 2nd to BTC is beyond me. It's just a question of time. More time to stack Solana, which I do every day.

OG2014

Sol/EV vehicle.. ETH/ ICE vehicles. They both have their place regardless of who does what and what does who.

Clark

Yeah, I guess that would seem to make sense, at first blush. But consider social media, such as TikTok. If a "serious" investor could invest in TikTok, would all the moronic and juvenile videos that make the bulk of the content on that platform stop that investor from investing? Consider the slop that passes for music in pop. Has that ever stopped smart investors from supporting the "artists" who perform those sounds? Or the crap that has come out of Hollywood for over a century? There's big money to be had by entertaining people with fads and silliness. No shame in it, I watch and listen to some of that stuff, too, but I'd rather invest in the newest pipeline for that kind of entertainment, and so should any other serious investor. If you had a million dollars that had to be allocated to some entertainment vehicle, would you invest it in the making of a serious documentary film about an issue that everyone and their brother thinks is important, or in a biopic about the latest sexy celebrity musician/actor who somehow books stadiums, even though you personally dislike their acting and singing? Oh, and your goal is maximum profit, not passion or faith.

Hameed Mohmand

Hi James , will you consider buying some bonk now that there is real value created on its blockchain !

Oberon

I believe (but could be wrong) that Bonk is one of IA's SOL Alts.