Solana Surpasses Bitcoin and Ethereum in DEX Volume and REV
Solana has shown strong performance in the first half of 2025, as noted in the “Solana Ecosystem Report H1 2025” by Helius. Key highlights include:
- Solana led major blockchains in Real Economic Value (REV) since October 2024, reaching $551 million in January 2025.
- On January 19, daily REV hit $56.8 million, surpassing Bitcoin and Ethereum, largely due to Jito protocol contributions.
- Jito accounted for 42% to 66% of Solana's monthly REV, indicating a mature market for Maximum Extractable Value (MEV).
- Solana processes up to 162 million transactions daily with an average slot time of 390 milliseconds; plans for Alpenglow consensus aim to reduce finality to 100-150 ms.
- Total Value Locked (TVL) on Solana averaged between $8 billion and $9 billion, second only to Ethereum, marking an 18% quarterly increase.
- Stablecoin float on Solana rose from $1.5 billion to $11.7 billion over 18 months, with Circle minting $1.75 billion in USDC in May alone.
Analysts predict that Solana may soon rival Bitcoin and Ethereum in corporate treasury reserves due to its staking capabilities and yield potential. Public companies are expected to adopt Solana as a core asset. Despite positive ecosystem developments, SOL was trading at $155.37, up 4.06% in the last 24 hours.