Solana emerged as the top revenue-generating blockchain in 2025, reporting $1.3 billion in annual revenue and overtaking Ethereum. Data from CryptoRank and Artemis Analytics place Solana at the forefront of on-chain revenue for the year. Solana’s revenue surge is driven largely by intense activity in decentralized finance and memecoin trading, supported by rapid transaction throughput and low costs.
The network processed sizable transaction volumes, enabling rapid trades that sustained fee income across its ecosystem. In 2025 alone, Solana supported nearly 39.8 million active addresses and maintained roughly $17.3 billion in total value locked across its DeFi projects. This performance marked Solana’s third consecutive quarter as the revenue leader among major blockchains, signaling continued momentum beyond a single spike.
Despite the revenue leadership, discussions within the community have highlighted a growing disconnect between on-chain activity and SOL’s token price. While revenue and usage metrics remain robust, SOL’s price action has been comparatively muted. Many stakeholders are calling for mechanisms such as fee burns, validator incentives, or revenue redistribution models that could translate network success more directly into value for tokenholders. As usage scales, Solana’s trajectory may depend on aligning economic incentives so that network growth and token value move in tandem.
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