Solana Reports $2.85B Annual Revenue, Surpassing Ethereum’s Early Growth
Solana recorded $2.85 billion in annual revenue between October 2024 and September 2025, according to a report by Swiss asset manager 21Shares. The results highlight Solana’s rapid expansion as one of the most profitable and active blockchain ecosystems.
Record Revenue and Market Activity for Solana
The network generated an average of $240 million in monthly revenue, peaking at $616 million in January during the height of the memecoin surge led by tokens like Official Trump (TRUMP). Trading platforms contributed the largest share, totaling $1.12 billion, or roughly 39% of Solana’s yearly revenue.
Even after the early-year frenzy subsided, monthly income remained between $150 million and $250 million, a stability unmatched by any blockchain at a comparable stage. Validator fees from DeFi protocols, decentralized exchanges, launchpads, and AI applications continue to underpin the network’s steady performance.
Growth Outpacing Ethereum’s Early Years
According to 21Shares, Solana’s growth outpaces Ethereum’s early performance by over 30 times. While Ethereum generated less than $10 million monthly in its first five years, Solana now averages more than $200 million. The report attributes this to Solana’s high throughput and low-cost transaction design, supporting 1.2 to 1.5 million daily active addresses—around three times Ethereum’s early base.
Solana pulled in $2.85B in annual revenue — rivaling companies like Palantir and Robinhood.
From DeFi to AI, its ecosystem is proving to be one of crypto’s most diverse and fastest-growing. Read the full breakdown by @MattMena__ ⤵ ⤵️
🔗 https://t.co/1zB9YRCWZ8 pic.twitter.com/LFD64uNWyo
— 21shares (@21shares) October 7, 2025
Institutional Interest and Corporate Holdings
The report also notes that public companies are increasingly holding SOL on their balance sheets. Nearly $4 billion worth of Solana is owned by 18 tracked entities, including Forward Industries and Sharps Technology. Nasdaq-listed Brera Holdings recently rebranded to Solmate after securing $300 million to launch a Solana-focused treasury and infrastructure platform.
Solana ETF Speculation Builds
Market attention has turned toward potential spot Solana ETFs, with applications from Fidelity, VanEck, and Grayscale awaiting SEC review. On prediction market Polymarket, traders show a 99% confidence level that approval will come before year-end, despite ongoing delays linked to the U.S. government shutdown.
Wall Street’s Growing Interest in Solana
Bitwise CIO Matt Hougan described Solana as the network most likely to attract Wall Street institutions seeking scalable blockchain infrastructure. He noted that financial firms are increasingly viewing tokenization and stablecoins as central to the evolution of payments and capital markets.
