TL;DR
- Solana reached $1.5 billion in revenue in 2025, surpassing Ethereum’s $690 million and Hyperliquid’s $780 million.
- Its growth is driven by massive transaction volume, low fees, and adoption across DeFi, consumer applications, and meme coin trading.
- The blockchain processed billions of transactions this year, far outpacing its Layer 1 competitors, highlighting its scalability and increasing significance in the crypto ecosystem.
Solana (SOL) generated more than $1.5 billion in revenue over the past year, outpacing Ethereum (ETH) and Hyperliquid (HYPE). According to Blockworks Research, Hyperliquid brought in $780 million while Ethereum totaled $690 million.
Solana Revenue Surpasses Major Layer 1 Networks
Solana’s design focuses on high throughput and low transaction fees, allowing revenue growth through scale rather than per-transaction costs. Cofounder Anatoly Yakovenko emphasized that the median user fee remains below a penny, demonstrating the network’s efficiency and capacity to handle large volumes. Additional factors such as network upgrades, validator expansion, and developer incentives also contributed to sustained growth across multiple sectors.
Transaction Volume Drives Solana’s Expansion
Most of Solana’s revenue comes from user-paid fees on billions of transactions. In August 2025 alone, the blockchain processed 2.9 billion transactions, a number Ethereum has only reached in its entire history since 2015. The activity is fueled by meme coin launches, decentralized finance (DeFi) protocols, and consumer-oriented applications. Low fees combined with high throughput make Solana attractive to both developers and users, translating large transaction volumes into substantial revenue. Solana’s growing ecosystem of NFT marketplaces and cross-chain bridges further supports user engagement, reinforcing its position among high-performance blockchains.
Investor Engagement Strengthens Network Growth
Institutional interest in Solana has increased alongside its revenue. Exchange-traded funds (ETFs) linked to SOL launched in October and recorded 17 consecutive days of inflows. The combination of low fees, high adoption, and consistent revenue strengthens Solana’s appeal to retail and institutional investors. SOL currently trades at $124.90, reflecting market confidence in the network’s scalability and growing ecosystem. Analysts note that this trend could encourage further partnerships and protocol integrations, enhancing Solana’s role as a foundational infrastructure for next-generation applications.
Solana’s $1.5 billion revenue in 2025 places it above major Layer 1 networks, showing the impact of high throughput, low fees, and extensive adoption. As developers, traders, and institutional funds continue to engage with the network, Solana solidifies its role as one of the leading blockchain platforms in the crypto economy. Its momentum suggests the protocol could maintain this trajectory, attracting further investments and increasing adoption across emerging sectors.
