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)