Solana Surpasses Ethereum 2.5x in Revenue, Reshaping Blockchain Economics

Solana (SOL) has surged ahead in blockchain revenue generation, outpacing Ethereum and other major networks in 2025. According to data from Milk Road, Solana has generated $1.25 billion in revenue year-to-date, significantly exceeding Ethereum’s $523.28 million. This places Solana nearly 2.5 times ahead of Ethereum in revenue, with the second and third positions held by Hyperliquid and TRON, at $501.71 million and $450.5 million, respectively. Notably, only BNB Smart Chain and Bitcoin have surpassed $100 million in revenue, at $148.91 million and $134.9 million, respectively [1].

The chain’s success is not limited to annual figures. In the last 30 days alone, Solana generated over $210 million in revenue, much of which is directed to decentralized applications (dApps) running on the network. Applications such as Pump.fun and Axiom Pro have played a significant role, earning $52.83 million and $50.79 million, respectively, in the same period. Decentralized exchanges like Jupiter and Meteora also contribute significantly to the revenue stream [1].

The rapid growth of revenue-generating applications has been cited as a key differentiator for Solana. Helius Labs CEO Mert Mumtaz highlights the ecosystem’s appeal to dApp developers, who are drawn to Solana’s ability to support high-speed, revenue-generating platforms. This is evident in the case of Axiom Exchange, which reached $200 million in revenue in just 202 days—surpassing the time it took Pump.fun to achieve the same milestone [1].

Meanwhile, the price of SOL has been rising, hitting $216 recently with an upward trajectory of over 7% in a single day. Over the past 30 days, SOL has gained 19% in value, despite lagging behind Bitcoin, Ethereum, and other top tokens in year-to-date performance. The token’s performance has been bolstered by the network’s recent market capitalization milestone of $100 billion, a feat it achieved in just 4.5 years—significantly faster than traditional tech giants like Google or Nvidia [1].

Solana’s co-founder Anatoly Yakovenko has publicly defended the network’s performance, emphasizing its scalability and transactional throughput. In one statement on X, Yakovenko noted that Solana processed 2.9 billion transactions in August 2025 alone—equaling Ethereum’s total transaction volume since 2015. He also highlighted the network’s growth in active wallets, which doubled year-over-year to 83 million, and the issuance of 843,000 new tokens, of which 357 were valued at over $1 million [2]. These metrics underscore the network’s potential to continue outperforming Ethereum in both transactional and economic metrics.

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[1] Solana has generated over 2x Ethereum revenue this year (https://www.cryptopolitan.com/solana-has-generated-over-2x-ethereum-revenue-this-year/)

[2] Solana (SOL) Founder Makes Statement About Ethereum (https://www.mexc.com/news/solana-sol-founder-makes-statement-about-ethereum-what-theyve-been-able-to-do-since-2015-we/88247)