Analysis: SOL is similar to 2021 ETH valuation when it reaches historical peak in January
According to online reports, according to analysis by DBA joint founder Jon Charbonneau, when Ethereum and Solana prices hit record highs, network revenue also peaked simultaneously, and the valuation multiples were close. Ethereum reached its peak in November 2021, with annualized network revenue of approximately US$21.9 billion, with an FDV of US$578.71 billion, a multiple of 26.42;Solana peaked in January 2025, with annualized network revenue of approximately US$6.61 billion, and an FDV of US$177 billion, a multiple of 26.77 times.
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