2 February 2025
Updated 3 February
Updated 3 February
0 0
Solana Surpasses Ethereum with $116M Monthly Revenue in January 2025
Solana surpassed Ethereum in monthly revenue for the first time, generating approximately $116 million in January 2025, a 96% increase from December 2024's $59 million. In contrast, Ethereum's revenue decreased by 39% to around $107 million.
Key facts include:
- Solana's revenue jumped from $6 million in January 2024 to $116 million in January 2025.
- Active addresses on Solana reached 832,000 per hour.
- The $TRUMP meme coin launch significantly contributed to Solana's growth, peaking at $75 and achieving a market cap of $15 billion.
- Solana's daily transaction volume averages around $430 million with over $11 billion locked in value.
- Solana's price peaked at $295 on January 19, followed by a 28% correction, currently trading near $210.
Solaxy ($SOLX) is introduced as the first Layer 2 solution on the Solana network to address transaction congestion and speed issues by processing transactions in batches. It offers lower fees compared to Layer 1 chains.
Solaxy merges features of both Ethereum and Solana, aiming to enhance liquidity and efficiency. Its presale has raised over $17.3 million, with early adopters eligible for staking rewards of 232% APY.