Particle.news
Download on the App Store
6 ARTICLES
·
3h ago

Solana Posts $2.85 Billion in 12-Month Revenue, 21Shares Finds

The report spotlights trading apps as the leading fee driver, indicating a market that has broadened beyond January’s memecoin surge.

Solana beats ethereum with $2.85b in yearly revenue
Solana’s $2.85b revenue rivals palantir, robinhood amid waning memecoin craze
Image

Overview

  • Trading platforms generated about $1.12 billion, or 39% of Solana’s revenue, led by apps such as Photon and Axiom.
  • Network revenue peaked at $616 million in January 2025 during a memecoin boom, then stabilized to $150 million–$250 million per month, averaging roughly $240 million.
  • 21Shares says Solana’s revenue pace exceeds Ethereum’s early trajectory by roughly 20–30x, with 1.2–1.5 million daily active addresses at about three times Ethereum’s comparable stage.
  • Public companies now hold nearly $4 billion in SOL across 18 disclosed treasuries, including Forward Industries and Sharps Technology, with Brera rebranding to Solmate to build a Solana-focused platform.
  • Spot-SOL ETF applications from firms including Fidelity, VanEck and Grayscale await SEC decisions that may be delayed by a U.S. government shutdown, while Firedancer and Alpenglow upgrades are flagged as potential scalability boosts.