Solana is on track to surpass Ethereum in yearly blockchain revenue for 2025, marking a rare shift in Layer‑1 dominance as usage, fee generation, and on-chain economic activity increasingly favor the high-throughput network.
Key Takeaways:
- Solana’s 2025 revenue is projected at $2.5–$2.85 billion, surpassing Ethereum’s $1.4 billion.
- As of 10:45AM UTC, SOL traded around $126.54, reflecting minimal trading range.
- Growth is fueled by low fees, high throughput, and rising DeFi and real-world asset activity, challenging Ethereum’s long-standing revenue lead.
In 2025, Solana is poised to generate more annual revenue than Ethereum for the first time, according to multiple industry data aggregators.
As estimated, Solana’s yearly revenue will exceed $2.5 billion, significantly ahead of Ethereum’s roughly $1.4 billion over the same period. The milestone underscores how transaction-heavy networks with lower fees can accumulate substantial economic value even without Ethereum’s institutional dominance or deep legacy ecosystem.
Solana founder Anatoly Yakovenko acknowledged the shift publicly, describing the year as “crazy” and emphasizing that open, permissionless protocols are entering a phase where real economic sustainability matters more than narrative leadership.
Revenue Flip Highlights Changing Layer-1 Usage Trends
The revenue crossover challenges Ethereum’s long-standing position as the primary economic engine for smart contracts and decentralized applications. While Ethereum still leads in total value locked and enterprise adoption, its revenue growth has slowed amid reduced base-layer fees and increasing reliance on layer-2 networks.
By contrast, Solana has benefited from consistently high transaction volumes and a growing user base across trading, payments, and DeFi activity. Its low-cost execution environment continues to attract developers building applications that rely on frequent, small-value transactions, which collectively generate meaningful fee revenue.
Real-world asset activity has also contributed to Solana’s rise. On-chain data shows increasing RWA inflows settling on the Solana network in 2025, providing a new revenue stream beyond traditional decentralized finance use cases and reinforcing broader adoption of blockchain-based financial infrastructure.
SOL Stays Range-Bound, But Shows Structural Shift
Despite Solana’s revenue milestone, its native token’s price action remained relatively stable. As of this writing (11:15AM UTC), SOL traded at approximately $125.65, showing a modest 0.2% drop in the last 24 hours. The token reached a maximum price of $126.54 in the day, as well as having touched daily lows of approximately $124.71, according to CoinGecko’s live market data. Meanwhile, Ethereum (ETH) traded in a modest gain of 0.4% in the day as it traded near $2,995.33 while reaching intraday highs around $3,0005.37 and touching intraday lows near $2,962.99.
The muted reaction suggests that markets may have already priced in Solana’s strong on-chain performance or are waiting for confirmation that revenue leadership can be sustained into 2026. Analysts note that revenue alone does not dictate valuation, particularly when comparing networks with different issuance models and long-term roadmaps.
Outlook
Solana’s rise to the top of annual blockchain revenue rankings signals a broader evolution in how value is generated on public networks. It was also proved that high-performance chains capable of supporting mass-market applications can compete economically with established patforms.
Investors will then be looking forward Solana’s revenue performance, especially if it can hold its current advantage through sustained user growth. They will also be watching closely if Ethereum will be able to reclaim the lead particularly through upgrades and ecosystem depth. Either way, the rivalry shows its importance and how it affects on crypto investment decisions, especially heading into 2026.
Summary
Solana is projected to out-earn Ethereum in 2025 due to high transaction volumes, low fees, and growing DeFi and RWA activity, signaling a shift in Layer‑1 economic dynamics despite muted token market reactions.
