The number of independent developers on Solana has surpassed Ethereum, currently exceeding 10,800 people, about 20% ahead. This growth is reflected in on-chain activity, with Solana leading in trading volume across multiple time periods for decentralized exchanges (DEX). The network's stablecoin supply is also growing rapidly, with USD1 supply soaring from $160 million to $850 million in just two months, thanks to consistently high daily trading volumes. Although the SOL/ETH ratio remains close to the critical support level of 0.04, the strong fundamentals of developer activity and liquidity suggest there is still potential to surpass Ethereum in the future.