Altcoins News

Story: Solana Revenue Hits $2.85 Billion — Blockchain No Longer the Underdog

By Sakamoto Nashi

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Trading Platforms Drive Solana’s Success. Over the past 12 months, Solana averaged $240 million in monthly revenue, peaking at $616 million…

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Solana Outpaces Ethereum’s Early Growth. The 21Shares report draws a stark comparison with Ethereum.

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Institutional Adoption and SOL Treasury Companies. Institutional adoption has been a key factor in Solana’s revenue growth.

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ETFs Could Accelerate Growth. Investor excitement around Solana ETFs is mounting. Multiple spot ETF applications from Fidelity,…

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Solana’s New Era of Profitability. With strong institutional adoption, vibrant DeFi activity, and a developer-friendly…

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Solana has achieved a blockbuster year, generating $2.85 billion in revenue from October 2024 to September 2025, according to a new 21Shares report.

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This marks a turning point for Solana, which is now competing with established networks like Ethereum in terms of revenue generation, user engagement, and institutional adoption.

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Over the past 12 months, Solana averaged $240 million in monthly revenue, peaking at $616 million in January 2025 during a surge in speculative activity fueled by popular tokens.

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Validators across Solana’s network earned this revenue primarily through transaction fees from DeFi protocols, AI applications, decentralized exchanges (DEXs), DePIN projects,…

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The 21Shares report draws a stark comparison with Ethereum. Five years after Ethereum’s launch, its monthly revenue remained below $10 million — just a fraction of Solana’s…

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Solana’s success is attributed to its technical efficiency, ultra-low fees, and user-friendly infrastructure. The network now boasts 1.2 to 1.

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Institutional adoption has been a key factor in Solana’s revenue growth. According to StrategicSolanaReserve.

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Notable developments include Nasdaq-listed Brera Holdings rebranding to Solmate after completing a $300 million oversubscribed PIPE raise.

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This institutional participation underscores Solana’s increasing credibility as both a digital asset and a revenue-generating platform.

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Investor excitement around Solana ETFs is mounting. Multiple spot ETF applications from Fidelity, VanEck, Grayscale, Canary, and Franklin Templeton are under review by the SEC,…

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