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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong
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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong

No Chain Comes Close: Solana Leads With 2.5x Ethereum’s Revenue

Christian Encila
Christian Encila
Last Updated: September 10, 2025 2:00 am
3 mins read
Solana

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Solana has pulled well ahead of other networks on a key measure: revenue. That gap is large enough to change how traders and builders talk about where money flows in crypto.

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Solana Tops Blockchain Revenue Charts

According to data shared by crypto media outlets, Solana has generated $1.25 billion in revenue year-to-date. That is about two and a half times the revenue of Ethereum, which sits at $523 million so far this year.

Only two other chains have cleared the $100 million mark: BNB Smart Chain at $148 million and Bitcoin at $135 million.

Base, Coinbase’s layer-2, records $54 million and leads the L2 group, while Arbitrum, Polygon and Optimism report revenues between $10.80 million and nearly $3 million.

$SOL is in a league of its own.

Solana has generated $1.25B in revenue YTD…

Nearly 2.5x more than Ethereum.

That’s real demand for blockspace and right now, no chain comes close. pic.twitter.com/yRWYU6wUrt

— Milk Road (@MilkRoadDaily) September 8, 2025

Monthly Numbers Show App-Driven Growth

In the past 30 days, Solana pulled in more than $210 million in revenue. Much of that cash was earned by apps on the network rather than by Solana’s base layer.

Based on reports, memecoin launchpad Pump.fun and trading bot Axiom Pro generated close to $53 million and $51 million respectively in the last month.

Decentralized exchanges such as Jupiter and Meteora, along with the Phantom wallet, also rank among the top revenue generators.

Solana’s own on-chain fee haul was $4.56 million over the same period, placing the chain itself eighth among revenue sources.

SOLUSD currently trading at $217. Chart: TradingView

Apps Capture Most Of The Fees

Reports have disclosed that developers and investors see this as a feature of Solana: apps can make big money fast.

Axiom Exchange became the fastest app to reach $200 million in revenue, doing so in 202 days when it hit the mark on August 4.

Pump.fun reached $200 million in 303 days. Helius Labs CEO Mert Mumtaz has said that the ecosystem’s architecture attracts builders who can run revenue-heavy services, and the numbers appear to back that view.

#Solana surges 5.8% to $215 🚀
DEX volume hits $2.6B in 24H, fueled by #DeFi.
Trump-backed $WLFI leads with $1.23B, showing political hype is driving liquidity and cementing Solana as the go-to for high-volume plays.

Check out Top 10 Tokens on Solana by 24H Volume 📈

Which… https://t.co/k8s7VMNopa pic.twitter.com/xR5P2CYqAy

— Solana Daily (@solana_daily) September 8, 2025

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Price Moves Follow Revenue Headlines

SOL has been reacting. According to price trackers, SOL climbed about 6% to $215 in a single session and is up 17% over the past 30 days.

Year-to-date, however, SOL lags some larger tokens such as Bitcoin, Ether, XRP and BNB. Market gains and big app revenues together are driving bullish sentiment among traders and some fund managers.

Featured image from Shutterstock, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

Christian Encila is a journalist, editor, crypto analyst, and virtual assistant focused on storytelling, financial markets, and digital media. He blends strong writing skills with in-depth analysis, turning complex information into clear, accessible insights.

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His writing began in college as a feature writer for his school publication, building research and storytelling skills. He later worked as an editor at a data engineering firm, gaining recognition for writing and discipline.

He expanded internationally in Canada and South Korea, then returned to the Philippines for a decade in a major newsroom. There he became a senior news writer and editor, simplifying complex topics for broad audiences.

He later moved into cryptocurrency journalism as a crypto analyst and market expert at NewsBTC, covering trends and blockchain developments. Alongside writing, he works as a Virtual Assistant supporting editorial operations, workflows, and coordination tasks.

Outside work, he enjoys motorbikes, riding a Yamaha R3, preferring relaxed coastal rides. He spends time with two cats and a dog, and unwinds with coffee, Filipino food, and occasional rum while watching comedy films.

His career blends journalism, analysis, and support roles, reflecting adaptability across media, markets, and digital content production in modern newsroom environments and remote work settings globally.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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