$ETH FOR THE FIRST TIME EVER, SOLANA IS ON TRACK TO SURPASS ETHEREUM IN ANNUAL PROTOCOL REVENUE.

Solana YTD revenue: ~$1.4B

Ethereum YTD revenue: ~$522M

This isn't about narratives.

It's about where users are actually transacting.

High-frequency trading, memecoins, bots, and real usage are flowing to Solana, while Ethereum activity increasingly migrates to L2s.

Not an "Ethereum killer".

But definitely the first real revenue challenge Ethereum has ever faced.

Watch this closely.#ETH