Solana finished 2025 with more than $1.5 billion in revenue, outpacing Ethereum and Hyperliquid while preserving sub-cent transaction fees. This milestone underscores Solana’s scale-driven economic model in an environment where rivals faced fee pressure. The year’s results reinforced confidence in Solana’s long-term throughput strategy heading into 2026.
Blockworks Research data showed Solana leading all blockchains in annual revenue during 2025. Hyperliquid followed with $780 million, while Ethereum posted $690 million for the same period. The ranking highlights Solana’s ability to convert throughput growth into revenue, despite competitive pressures.
Solana co-founder Anatoly Yakovenko celebrated the results on X, citing capacity expansion and cost efficiency. He emphasized that scale, not high fees, drove sustainable revenue growth. Solana’s median transaction fees remained below one cent, enabling high-volume activity. Solana’s market data reflected the milestone’s impact, with SOL trading around $123.89 and roughly $6.46 billion in 24-hour volume.
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