Solana has demonstrated extraordinary revenue growth over the year, generating over $2.85 billion from October 2024 to September 2025. Key drivers of this result include activity in DeFi, trading, meme coins, artificial intelligence, and DePIN solutions.
This is reported by Finway
Record Revenues and Solana’s Profit Structure
According to analysts, Solana reached a peak monthly revenue of over $616 million in January 2025. A significant contribution to this figure came from meme coins, particularly the launch of Trump Coin (TRUMP). Despite a decline in activity after January, the network maintains a monthly turnover of $150-250 million.
The largest share of Solana’s revenue comes from on-chain trading services, which generated $1.12 billion over the past year, accounting for 39% of total annual revenue. In January 2025, the Photon and Axiom services alone contributed up to $260 million.
Solana’s economic indicators are already comparable to those of tech giants like Palantir ($2.8 billion) and Robinhood ($2.95 billion). Additionally, public companies currently hold over $3 billion in Solana tokens.
“During 2024-2025, Solana’s revenue increased 220 times compared to the previous similar period when this figure was only $13 million.”
At the same time, the U.S. Securities and Exchange Commission is considering an application for the launch of a spot ETF on Solana, which could further strengthen the network’s position in the market.
Comparison with Ethereum and Activity Dynamics
In the early stages of development, from 2019 to 2020, Ethereum had a monthly revenue of around $10 million, while Solana in 2025 surpasses these figures by 20-30 times, and in some months even by over 50 times. In addition to financial metrics, Solana also outperforms its competitor in user activity: in 2025, the network recorded between 1.2 to 1.5 million active addresses per day, while Ethereum in 2019-2020 had about 500,000.
The platform’s technological advantages are already being noted by major investors. For instance, Matt Hougan, the Chief Investment Officer of Bitwise Asset Management, previously referred to Solana’s blockchain as “the new Wall Street,” highlighting its appeal to institutional players due to its high throughput and innovative solutions.
