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Solana achieves $1.5 billion in revenue within 12 months: surpassing Ethereum and Hyperliquid.
According to Blockworks Research, Solana (SOL)'s network revenue in 2025 will exceed $1.5 billion, surpassing Ethereum’s $690 million and Hyperliquid’s $780 million. Co-founder Anatoly Yakovenko attributes this achievement to the high throughput and low transaction fee design of the Solana network, with median transaction costs below 1 cent. The revenue surge is mainly driven by meme coin trading, DeFi, and consumer applications, with the network processing 2.9 billion transactions in August alone—equivalent to Ethereum’s total historical transaction volume. Continuous inflows into Solana’s newly issued ETFs may further support the price of SOL, which is currently at $124.90.