Solana Leads All Chains in App Revenue and On-Chain Volume as of Oct 24, 2026

The striking figure here is not the revenue lead itself but the gap: app revenue running at roughly double Hyperliquid and close to triple Ethereum reframes Solana's pitch from throughput to actual fee-generating activity. The tokenized-stock holder growth alongside a record RWA value suggests the chain's consumer-facing and real-world-asset experiments are compounding rather than competing for the same users. Whether that holder base keeps expanding after such a sharp monthly jump, and whether app revenue holds its multiple against Hyperliquid's narrower but intense per-user activity, is the open question.