# Solana (SOL): fees, revenue multiple and fair price

Source: Chainfees, https://chainfees.fyi/chain/solana/ · data through 2026-11-09 · rebuilt hourly.

Solana is the #6 most undervalued chain of 59. It earns $276M a year in network fees at a $54.3B FDV: a revenue multiple of 197×, 13× cheaper than the median chain. At the median multiple, SOL would be worth $1,129, +1,227% from $85.14 today.

For comparison, Solana is 6.4× cheaper than Ethereum (1,268×) and 92× cheaper than Bitcoin (18,076×).

On Solana today, sending SOL costs about $0.00043.

| Metric | Value |
|---|---|
| Undervalued rank | #6 of 59 |
| Type | L1 |
| Token | SOL |
| Price | $85.14 |
| FDV | $54.3B |
| Market cap | $50.3B |
| Yearly fees (90d, annualized) | $276M |
| Revenue multiple (FDV/Fees) | 197× |
| Fair price (median revenue multiple) | $1,129 (+1,227%) |
| Transfer fee | $0.00043 |
| Average transaction fee | — |

## FAQ

### Is Solana undervalued?

By its fees, yes. Solana trades at a revenue multiple of 197×, 13× below the median chain, and ranks #6 of 59 most undervalued.

### How much does Solana earn in fees?

$276M a year, annualized from the last 90 days of network fees (DefiLlama).

### How much does a Solana transfer cost?

About $0.00043 to send SOL right now, read live from the network every hour.

### What would SOL be worth at a fair revenue multiple?

$1,129, +1,227% from $85.14 today. That's the price at the median revenue multiple of all ranked chains.

Definitions: https://chainfees.fyi/learn/ · Methodology: https://chainfees.fyi/methodology/ · Full ranking: https://chainfees.fyi/llms-full.txt