Altcoins News

Story: Solana’s $2.8B Revenue Surpasses Ethereum’s Early Growth, Says 21Shares

By Dan Saada

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Solana Posts $2.85 Billion in Annual Revenue. According to the 21Shares report, Solana’s ecosystem generated $2.

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Trading Platforms Lead Revenue Growth. Trading platforms have emerged as Solana’s primary revenue driver, contributing 39% of total…

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Outpacing Ethereum’s Early Growth. The 21Shares report underscores that Solana’s growth trajectory far exceeds Ethereum’s early years.

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Institutional Adoption and Solana Treasuries. Institutional involvement has played a critical role in Solana’s rise.

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Solana ETFs Await Regulatory Approval. Momentum is also building around the approval of Solana exchange-traded funds (ETFs) in the United…

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The Broader Picture: Solana’s Expanding Ecosystem. Since its inception, Solana has transitioned from a high-speed blockchain to a multi-sector…

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Solana’s explosive growth continues to make headlines as the blockchain network reports $2.85 billion in annual revenue, outpacing Ethereum’s early performance and strengthening…

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According to the 21Shares report, Solana’s ecosystem generated $2.85 billion between October 2024 and September 2025, averaging around $240 million in monthly revenue.

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Even after that wave cooled, Solana maintained steady monthly revenue in the $150–$250 million range, showcasing consistent demand across its ecosystem.

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The report attributes most of this revenue to transaction fees collected by Solana validators.

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Solana’s fast transaction speeds and extremely low fees — often just fractions of a cent — have also helped it capture high-frequency trading and automated market-making (AMM)…

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This efficiency has translated into widespread adoption, with 1.2 to 1.5 million daily active addresses on Solana — approximately three times more than Ethereum’s count at a…

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This gap highlights the pace of innovation and the broader maturity of today’s blockchain landscape, where institutional engagement and developer activity have accelerated…

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Institutional involvement has played a critical role in Solana’s rise. Several companies have rebranded themselves as Solana treasury companies, collectively holding nearly $4…

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According to data from StrategicSolanaReserve.org, there are currently 18 tracked entities holding a combined 17.8 million SOL tokens. The largest holders include:

The Currency Analytics

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