With 2025 now in the rear-view, the smart contract war has entered its second decade. For a second consecutive year, Solana not only outperformed every major smart contract platform but extended and compounded its lead across real demand and economic activity. The data shows Solana decisively ahead of Ethereum, BNB Chain, and all other competitors across usage, growth, and economic gravity. Transactions & Throughput: Solana processed approximately 33.1 billion transactions in 2025, up 28% YoY, more than all other major blockchains combined.
Solana also averaged over 1,100 transactions per second, a 34% increase from 2024. User Growth: Solana added approximately 1 billion new wallets in 2025, a ~50% year-over-year increase and more than every other major chain combined. Developer Ecosystem: Solana hosted approximately 10,753 active developers in 2025 (+41% YoY), surpassing Ethereum’s developer count. Onchain Economic Activity: Decentralized exchange (DEX) volume on Solana surged to $1.57 trillion, up 126% YoY, and eclipsed Ethereum’s ~ $946 billion total.
Network Revenue: Solana generated approximately $1.41 billion in onchain fees, surpassing Ethereum even as fee levels remained dramatically lower. Fee Stability: Using DeFi Development Corp.’s Fee Stability Ratio (FSR), Solana scored roughly 743, signaling astronomically lower median transaction fees and median transaction fee volatility than peers. Tokenized Markets: In just six months following the launch of tokenized equities on Solana, the network processed approximately $2.9 billion in tokenized stock volume, more than any other chain.
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