Odaily News A report published by hedge fund Syncracy Capital on November 12 stated that Solana is now on par with Ethereum in almost all major economic indicators, showing sustained growth in the past few months. According to the report, in October 2024, Solana's real economic value (REV) was 111% of Ethereum's REV, up from 1% in the same period last year. ​​The metric, which includes transaction fees and maximum extractable value (MEV) tips paid to validators, indicates the economic activity of the network. Another metric used by the report to assess Solana's growing popularity is total application revenue (TAR). In October 2024, Solana's TAR was 109% of Ethereum's, compared to 1% a year ago. The report noted that Solana's surge in economic activity was mainly due to the Memecoin craze. (Cointelegraph)