According to data from 21Shares, most of that income came from decentralized exchanges, trading tools, memecoins, lending platforms, and AI-driven services.
Between October 2024 and September 2025, the network earned an average of $240 million per month. At its peak – fueled by the memecoin frenzy – monthly revenue climbed to $616 million before stabilizing in the $150–250 million range.
Trading applications remain the top revenue source, bringing in roughly $1.12 billion, or 39% of the total. In January 2025 alone, services such as Photon and Axiom contributed up to $260 million. Solana’s low fees and high throughput have made it a preferred network for high-frequency traders.
At a similar stage of development (2019–2020), Ethereum generated under $10 million per month. Solana now earns 20–30 times more, with 1.2–1.5 million active addresses on the network each day.
Over the past two years, Solana’s revenue has skyrocketed from $13 million to $2.85 billion. Analysts note that public companies collectively hold more than $3 billion worth of SOL tokens. The platform now hosts around $13 billion in DeFi assets, while its stablecoin supply has expanded sixfold year-over-year. More than $500 million in tokenized real-world assets circulate within the network.
Solana continues to strengthen its infrastructure as well. The Firedancer client is designed to handle up to one million transactions per second, and the upcoming Alpenglow upgrade is expected to cut confirmation times to just 200 milliseconds.
Read also:
- Keel Launched on Solana With a Plan to Allocate $2.5 Billion Into DeFi and RWA Ecosystems
- Yakovenko: Popularity of Memecoins on Solana Driven by Lax Regulation
- Bitwise Predicts Solana Growth Driven by Institutional Inflows
This post is for informational purposes only and is not advertising or investment advice. Please do your own research before making any decisions.