Solana revenue explodes to 2.5 billion year-to-year in 2025, versus 28million in 2021, and Ethereum declines to 1.4billion, by far the largest power change in blockchain this year.
In a radical revenue turnaround, Solana has surpassed Ethereum. The Layer-1 network expanded from approximately 28 million dollars in 2021 to an estimated 2.5 billion dollars annually in 2025. The revenue of Ethereum dropped from more than $5billion to $1.4 billion.
The data presented by CryptosRUs on X indicate changing ratios between ecosystems. Solana has the advantage of being faster and cheaper, and the network itself is benefiting as well because of the increased activity of meme coins.
The milestone was verified by DeFi Development Corp. Solana generated year-to-date revenues of $2.5billion, overtaking the $1.4billion of Ethereum, even though Ethereum had already dominated the market.
Speed and Scalability Drive Growth Surge
The architecture of Solana allows high throughput at a very low cost. The mean cost of a transaction is less than $0.01, and Ethereum charges more despite its upgrades. The network makes over 2,000 transactions per second.
Ecosystems such as Photon and Axiom made as much as $260,000 within one month in the meme-coin frenzy in January 2025. These applications make it easier to trade through quicker swaps and sophisticated execution characteristics, which appeal to high-frequency traders.
Assets integration in the field, as a matter of fact, enhanced revenues. Solana RWA capital increased by 372 percent, or more than twice the 198 percent increase in Ethereum. The industry has reached an economic value of 14 billion dollars.
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Revenue Explosion Outpaces Ethereum’s Early Days
At comparable life cycle development stages, Solana has grown faster than Ethereum. About four to five years after the launch, between 2019 and 2020, Ethereum made a monthly revenue of under 10 million dollars on average. Solana is now produced 20-30 times.
From October 2024 to September 2025, Solana generated an average of almost $240 million in monthly revenue, and with high trading, it recorded a high of over 600 million. The highest point was in January 2025, when there was a revenue of over 616 million dollars in the same month.
The network supports 1.2 to 1.5 million daily active addresses, which is approximately thrice the number of Ethereum at the same stage. This growth in users is fueled by low charges and network efficiency.
The ecosystems receive various sources of validator fees. There are DeFi protocols, meme coins, AI applications, and decentralized exchanges. Launchpads and trading tools offer stable revenue streams.
Market Position Strengthens Despite Price Weakness
Solana ETFs got a lot of institutional attention. The first U.S. Solana ETF, by Bitwise, was introduced on October 28, 2025, and attracted over $57million in volume during its initial day. Several providers came in close rapid succession.
In three weeks, Grayscale and Bitwise raised more than 380 million net inflows. VanEck, Fidelity, and Canary Capital presented competitive products, establishing institutional investment avenues regulated by the companies.
SOL in public companies is now close to 4 billion dollars. The leading company in terms of its tokens is Forward Industries with 6.822 million tokens, and Sharps Technology with 2.14 million tokens.
Bearish pressure was experienced on the SOL/ETH ratio in 2025. Nonetheless, technical indicators demonstrate some instances of relative strength. Although the overall ratio was negative, it peaked at 0.93 in mid-January, a 12-month high.
Ethereum has structural issues with its economic model. Many of the revenues end up in the hands of layer 2 sequencers, builders, and staking services, which leaves validators with less. This undermines the relationship between usage and value.
Source: https://www.livebitcoinnews.com/solana-flips-ethereum-2-5b-revenue-surge-shocks-market/
