Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
 is around 118.5 billion USD. This means that Solana's market capitalization to transaction fees ratio is about 166 times, and the market capitalization to revenue ratio is about 80 times.
In comparison, Hyperliquid generated $667 million in revenue, with an FDV of $38 billion, corresponding to a multiple of 57 times; based on circulating market capitalization, it is only 19 times. The revenue is $724 million, with an FDV multiple of only 5.6 times, and the market capitalization multiple is only 2 times.