Solana Generates $1.25 Billion in Revenue, 2.5 Times Ethereum’s Earnings

Solana Leads Blockchain Revenue

Solana has generated $1.25 billion in revenue year-to-date, significantly outpacing other networks:

Ethereum: $523 million
BNB Smart Chain: $148 million
Bitcoin: $135 million
Base (Coinbase's layer-2): $54 million
Arbitrum, Polygon, and Optimism: between $10.8 million and nearly $3 million

Monthly Revenue Insights

In the last 30 days, Solana earned over $210 million, primarily from applications on the network:

Pump.fun: $53 million
Axiom Pro: $51 million
Solana's on-chain fees: $4.56 million

App Performance Highlights

Key apps are driving revenue growth:

Axiom Exchange reached $200 million in 202 days.
Pump.fun hit $200 million in 303 days.
Developers view Solana's ecosystem as conducive to high-revenue services.

Market Reaction

SOL price increased by 6% to $215, with a 17% rise over the past month. However, it still trails behind major tokens like Bitcoin, Ether, XRP, and BNB year-to-date.