BlockBeats News, May 18, DBA co-founder Jon Charbonneau released data analysis indicating that when Ethereum and SOL hit their all-time high prices, network revenue also reached an all-time high. The peak annualized revenue multiples were roughly equal, at around 26.5 times.
The peak price of Ethereum occurred in November 2021, with a monthly network revenue of approximately $1.83 billion, equivalent to an annualized network revenue of about $219 billion. Ethereum's FDV was $578.71 billion, with a valuation multiple of 26.42 times.
The peak price of Solana occurred in January 2025, with a monthly network revenue of about $550 million, equivalent to an annualized network revenue of about $6.61 billion. Solana's FDV was $177 billion, with a valuation multiple of 26.77 times.
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