Can $299M in app revenue, positive Q3 releases push SOL’s price higher?

Solana's (SOL) RWA market has seen significant growth over the past year, with the same catching up with Ethereum thanks to improved application revenues in its network. In fact, the network's on-chain RWA market capitalization increased from around $700 million to $4.3 billion in just one year. Here, it should be noted that there is still a sizeable difference, compared to Ethereum’s market which increased from $15.5 billion to $16.6 billion. Simply put, while Solana’s RWA market is just 26% the size of Ethereum’s, Solana saw much greater growth relative to Ethereum. With increasing adoption and revenue outperforming other networks, can these factors help push SOL’s price higher?

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