A chain 70 days old out-earns Ethereum two to one

U.Today ran the app-revenue table for the past 24 hours and led with Solana beating Robinhood Chain by roughly two to one. Solana took $6.56 million, Robinhood Chain $3.22 million. Both figures check out. The line worth reading sits lower in the table.

Ethereum came fifth at $1.59 million. Robinhood Chain opened its mainnet on 1 July, which makes it 70 days old today, and it earned twice what Ethereum did.

The table as published

• Solana, $6.56 million.
• BSC, $3.26 million.
• Robinhood Chain, $3.22 million.
• Hyperliquid L1, $1.94 million.
• Ethereum, $1.59 million.

BSC held second place by $40,000, which is 1.2% and inside the noise of a single day. Base appears nowhere in the five.

What the ratios say

Solana earned 4.1 times Ethereum's app revenue. Annualise the day and Solana's applications run at $2.39 billion a year against a $61.0 billion market value, or 3.92%. Ethereum's run at $580 million against $306.0 billion, or 0.19%.

That is a 21-fold gap in revenue per dollar of market value. A single day tells you little on its own, and this measure swings with whatever traded that afternoon.

Where the money comes from

The top of this table is a memecoin table. We covered Robinhood Chain's record $874.8 million DEX day at the end of August and the Cash Cat launch whose record lasted about a day. Solana's application revenue leans on the same kind of flow.

On 1 September we wrote about Arbitrum rising 23% when Robinhood Chain's fees passed $1 million in a day. Chain fees and app revenue count different things, so the two figures form no series, but both point at the same 70-day-old chain.

Ethereum hosts less of that flow, which is most of why it sits fifth. A chain that settles other chains earns from settlement, and settlement does not appear in an app-revenue ranking. Robinhood Chain is a Layer 2 that settles to Ethereum, so part of what it earns passes through the network it just outranked.

The source disagrees with itself on price

The same article puts SOL at about $104.40 in one paragraph and about $97.07 two paragraphs later, then builds a moving-average argument on the lower figure.

SOL trades at $104.12 as this goes out, up 2.3% on the day and 36.1% over thirty days. The 200-day average it cites near $91.38 sits below the price either way, so the technical conclusion survives. The two price figures cannot both be right.

“Since app revenue and token valuation measure different things, a higher SOL price is not directly guaranteed by the application-revenue ranking.”

— U.Today, U.Today, 9 September 2026

Quote source: U.Today, 9 September 2026

App revenue and the price of SOL measure different things, and the article says so itself. Solana's chain earned $6.56 million in a day while SOL sat at $104, and last week it tripled its transaction size. Both facts are worth having. Neither one produces the other.

This piece is informational, not a recommendation to buy, sell, or hold any asset.