According to @ThinkingUSD, beyond Jito, Orca stands out as a Solana DeFi application generating over $100 million in revenue, as verified by DeFiLlama’s analytics. Orca's revenue is driven by its efficient decentralized exchange model and high trading volumes, offering sustainable real yield through transaction fees (source: DeFiLlama, Orca Analytics). For traders, this demonstrates that not all Solana protocols are purely speculative or extractive; Orca provides a tangible trading venue with measurable on-chain revenue, supporting active crypto trading strategies on Solana.

According to Milk Road, Solana applications generated 3.9 times more revenue than Ethereum apps between 2024 and 2025, yet Solana DeFi protocols continue to trade at lower valuations compared to Ethereum's. This significant revenue outperformance by Solana highlights a potential mispricing in the crypto market, where valuation multiples have not caught up with Solana's increasing market share and protocol earnings. Traders should closely monitor this valuation gap, as a re-rating could drive renewed capital inflows into Solana DeFi assets and impact broader altcoin rotation trends. (Source: Milk Road, May 25, 2025)