Analysis: SOL reached a historical peak in January, similar to the valuation of ETH in 2021

According to BlockBeats news, on May 18, DBA co-founder Jon Charbonneau stated that when the prices of Ethereum and SOL reached their ATH, the network revenues also peaked simultaneously, and the peak annualized revenue multiples were roughly equal, around 26.5 times. The price peak of Ethereum occurred in November 2021, when the monthly network revenue was approximately 1.83 billion dollars, equivalent to an annualized network revenue of about 219 billion dollars, with Ethereum's FDV at 578.71 billion dollars, and a valuation multiple of 26.42 times. The price peak of Solana occurred in January 2025, when the monthly network revenue was about 550 million dollars, equivalent to an annualized network revenue of approximately 6.61 billion dollars, with Solana's FDV at 177 billion dollars, and a valuation multiple of 26.77 times.